Question

In: Statistics and Probability

Mr Smith is on another tirade against honeydew. He found another fruit bowl which had 18...

Mr Smith is on another tirade against honeydew. He found another fruit bowl which had 18 out of 45 honeydew. He once again believes this is an affront to his rule which says honeydew must be at 30%. This had more! Does he have a right to believe the store is increasing the amount .  The standard error for his study will be .0683.

a) (4 points) Create the Hypothesis Test for this scenario.

b) (2 points) Find the test statistic for this study.

c) (2 points) Draw a sketch (or use Statkey) for the normal curve (or snip it). Show your center, test statistic, shading and p-value in your sketch

d) (4 points) Make your statistical and practical conclusions for the study.

e) (2 points) We want to create a confidence interval to support this Hypothesis study. To do this, first, find the critical value for the 98% confidence interval.

f)  (3 points) Find the 98% confidence interval. Show your calculations.

g) (3 points) Does the confidence interval support your Hypothesis Test. Why or why not?

Solutions

Expert Solution

Given that,
possibile chances (x)=18
sample size(n)=45
success rate ( p )= x/n = 0.4
success probability,( po )=0.3
failure probability,( qo) = 0.7
null, Ho:p=0.3
alternate, H1: p>0.3
level of significance, α = 0.02
from standard normal table,right tailed z α/2 =2.054
since our test is right-tailed
reject Ho, if zo > 2.054
we use test statistic z proportion = p-po/sqrt(poqo/n)
zo=0.4-0.3/(sqrt(0.21)/45)
zo =1.464
| zo | =1.464
critical value
the value of |z α| at los 0.02% is 2.054
we got |zo| =1.464 & | z α | =2.054
make decision
hence value of |zo | < | z α | and here we do not reject Ho
p-value: right tail - Ha : ( p > 1.46385 ) = 0.07162
hence value of p0.02 < 0.07162,here we do not reject Ho
ANSWERS
---------------
a.
null, Ho:p=0.3
alternate, H1: p>0.3
b.
test statistic: 1.464
decision: do not reject Ho
c.
p-value: 0.07162
p value is greater than alpha value
shaded region in the right sided in the figure
d.
we do not have enough evidence to support the claim that right to believe the store is increasing the amount .
e.
critical value: 2.054
f.
TRADITIONAL METHOD
given that,
possible chances (x)=18
sample size(n)=45
success rate ( p )= x/n = 0.4
I.
sample proportion = 0.4
standard error = Sqrt ( (0.4*0.6) /45) )
= 0.073
II.
margin of error = Z a/2 * (standard error)
where,
Za/2 = Z-table value
level of significance, α = 0.02
from standard normal table, two tailed z α/2 =2.326
margin of error = 2.326 * 0.073
= 0.17
III.
CI = [ p ± margin of error ]
confidence interval = [0.4 ± 0.17]
= [ 0.23 , 0.57]
-----------------------------------------------------------------------------------------------
DIRECT METHOD
given that,
possible chances (x)=18
sample size(n)=45
success rate ( p )= x/n = 0.4
CI = confidence interval
confidence interval = [ 0.4 ± 2.326 * Sqrt ( (0.4*0.6) /45) ) ]
= [0.4 - 2.326 * Sqrt ( (0.4*0.6) /45) , 0.4 + 2.326 * Sqrt ( (0.4*0.6) /45) ]
= [0.23 , 0.57]
-----------------------------------------------------------------------------------------------
interpretations:
1. We are 98% sure that the interval [ 0.23 , 0.57] contains the true population proportion
2. If a large number of samples are collected, and a confidence interval is created
for each sample, 98% of these intervals will contains the true population proportion
g.
No,
the confidence interval supports the hypothesis test because,
it fails to reject the null hypothesis.


Related Solutions

Mr. Tim is on another rant against honeydew. He found another fruit bowl which had 15...
Mr. Tim is on another rant against honeydew. He found another fruit bowl which had 15 out of 45 honeydew. He once again believes this is an affront to his rule which says honeydew must be at 30%. This had more! Does he have a right to believe the store is increasing the amount . The standard error for his study will be .0683. a) (4 points) Create the Hypothesis Test for this scenario. b) (2 points) Find the test...
He found another fruit bowl which had 15 out of 45 honeydew. He once again believes...
He found another fruit bowl which had 15 out of 45 honeydew. He once again believes this is an affront to his rule which says honeydew must be at 30%. This had more! Does he have a right to believe the store is increasing the amount .  The standard error for his study will be .0683. a) (4 points) Create the Hypothesis Test for this scenario. b) (2 points) Find the test statistic for this study. c) (2 points) Draw a...
Mr. Mark Smith loved gardening. He had several expensive tools that he kept in his yard....
Mr. Mark Smith loved gardening. He had several expensive tools that he kept in his yard. He lived in a good neighborhood and did not worry about his expensive tools stored outside. One weekend, he found a couple of tools missing; puzzled he asked his family if they had moved the tools. Everyone told him that they had not touched the tools. Next weekend, he noticed that another tool was gone. At that point, he was frustrated and wanted to...
In May, Mr. Smith planted a wheat crop, which he expects to harvest in September. He...
In May, Mr. Smith planted a wheat crop, which he expects to harvest in September. He anticipates the September harvest to be 10,000 bushels and would like to hedge the price he can get for his wheat by taking a position in a September wheat futures contract. a. Explain how Mr. Smith could lock in the price he sells his wheat with a September wheat futures contract trading in May at f0 = $4.50/bu. (contract size of 5,000 bushels). b....
Mr. Smith had 4 daughters each daughter had 4 brothers
Mr. Smith had four daughters, each daughter have four brothers how many Kids did Mr. Smith have?  
Mr. Smith is the CFO of Suffolk Fasteners, Inc. and he is preparing for a meeting...
Mr. Smith is the CFO of Suffolk Fasteners, Inc. and he is preparing for a meeting with SCC Bank to arrange the financing for the first quarter of 2020. Based on his sales forecast and the information he has provided (as detailed in the Situation below), your job as the company’s new management accountant is to prepare the following budgeted reports for the First Quarter of 2020: Monthly Sales Budget Monthly Production Budget Monthly Direct Materials Budget Situation: Suffolk Fasteners,...
1. Mr and Mrs Smith and Mr and Mrs Doe both had baby girls at Bay...
1. Mr and Mrs Smith and Mr and Mrs Doe both had baby girls at Bay Hospital. The hospital mixed up which girl belonged to which couple. Baby X is blood type O, Baby Y is blood type A. Mr Smith is blood type AB. Mr Doe is blood type B. Both Mrs Smith and Mrs Doe are blood type A. Can you solve which baby goes to which couple? In the form below, list all possible genotypes and indicate...
Adam Smith was against government intervention in the economy but they 2 areas that he encouraged...
Adam Smith was against government intervention in the economy but they 2 areas that he encouraged government intervention what are they?
You review EPIC for Mr. Smith and find that he was admitted to the hospital last...
You review EPIC for Mr. Smith and find that he was admitted to the hospital last night with the diagnosis of bleeding esophageal varices. He is 38 years old, 6’ tall, and weighs 155 lbs. He has a history of alcohol abuse and bipolar disorder. He is on bedrest with bathroom privileges, NPO, and has an IV with lactated ringers running at 125mL/hr. He is a bit confused and has been shivering. His temp is 100.6° F. He is scheduled...
Mr. Smith is a resident of the UK. Last year he sold an apartment in Germany....
Mr. Smith is a resident of the UK. Last year he sold an apartment in Germany. According to the DTC between UK and Germany income derived from immovable property is taxable in the Contracting State in which the property is situated (Article 6). Besides this, Article 13(1) of the same DTC provides that gains arising on the disposal of immovable property are taxable in the Contracting State in which the property is situated. Finally, Article 23 of the tax treaty...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT