Question

In: Statistics and Probability

PREGUNTA 14 Use the following information to answer questions 14 to 18. to A certain brand...

PREGUNTA 14

  1. Use the following information to answer questions 14 to 18.

    to A certain brand of apple juice is supposed to have 64 ounces of juice.  Because the punishment for under-filling bottles is severe, the target mean amount of juice is 64.05 ounces.  It is known that the standard deviation of the population is 0.06. However, the filling machine is not precise, and the exact amount of juice varies from bottle to bottle.  The quality – control manager wishes to verify that the amount of juice in each bottle is 64.05 ounces so that she can be sure that the machine is not over – or under-filling.  She randomly samples 22 bottles of juice and measures the content and obtains that xavg = 64.007. (Use α = 0.01)

    The null and alternative hypothesis are:

    A.

    None of the above

    B.

    H0: u = 64.05 versus H1: u ≠ 64.05

    C.

    H0: u = 64.05 versus H1: u > 64.05

    D.

    H0: u = 64.05 versus H1: u < 64.05

5 puntos   

PREGUNTA 15

  1. The test statistic is equal to:

    A.

    z = 3.36

    B.

    t = 3.36

    C.

    z= - 3.36

    D.

    t = - 3.36

5 puntos   

PREGUNTA 16

  1. The critical value is:

    A.

    z  ±  2.58

    B.

    t  ±  2.33

    C.

    t  ±  2.58

    D.

    z  ±  2.33

5 puntos   

PREGUNTA 17

  1. The p-value is approximately:

    A.

    pvalue = 0.0049

    B.

    pvalue = 0

    C.

    pvalue = 1

    D.

    pvalue = 0.01

5 puntos   

PREGUNTA 18

  1. The conclusion is to Reject the Null Hypothesis

    Verdadero

    Falso

Solutions

Expert Solution

given data are:-

sample mean () = 64.007

population sd () = 0.06

sample size (n) = 22

14).hypothesis:-

15).the test statistic is:-

16).the critical value be:-

[ for 99% confidence level]

17). p value be:-

[ from standard normal table]

18).conclusion:-

p value = 0 < 0.01 (alpha)

so, we reject the null hypothesis.

*** if you have any doubt regarding the problem please write it in the comment box.if you are satisfied please give me a LIKE if possible...


Related Solutions

Use the following information on Black Red to answer questions 14 – 18. JDL is considering...
Use the following information on Black Red to answer questions 14 – 18. JDL is considering whether to discontinue offering credit to customers who currently have late payments on the credit extended to them. Current annual credit sales are $10 million and such a change in policy is expected to reduce sales by 15 percent, cut the firm’s bad-debt losses from 8 to 4 percent, and reduce average collection period from 70 days to 45 days. The firm’s variable cost...
Use the following information to answer questions (problems) 16 - 18. The following data are the...
Use the following information to answer questions (problems) 16 - 18. The following data are the result of inspecting aircraft seat belt buckles produced in various lot sizes. Number of buckles in each sample Number of defective buckles found 100 15 110 7 95 18 90 8 150 10 85 14 50 9 115 20 110 6 95 12 A- WORTH 4 POINTS: What is the average percent defective? Show work & formulae used or just use Minitab and attach/embed....
Use the following information to answer questions 18 - 19 Mayer & Co. expects its EBIT...
Use the following information to answer questions 18 - 19 Mayer & Co. expects its EBIT to be $110,000 every year forever. The firm can borrow at 10 percent. Meyer currently has no debt, and its cost of equity is 22 percent. If the tax rate is 40 percent, what is the value of the firm? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Value of the firm = $_______ Hint: there is no...
Consider the following daily time series for days 1-14. Use this information to answer the questions...
Consider the following daily time series for days 1-14. Use this information to answer the questions below. Day Daily Steps 1 2270 2 3869 3 3285 4 4598 5 3539 6 2474 7 2246 8 4800 9 3696 10 4817 11 3261 12 1839 13 5121 14 2800 Step 1 of 7: What is the 3-day Moving Average forecast for time period 4? Round to the nearest whole number. Step 2 of 7: What is the 3-day Moving Average forecast...
Required information Use the following information to answer questions [The following information applies to the questions...
Required information Use the following information to answer questions [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 31,000 $ 30,000 Work in process 9,500 18,200 Finished goods 54,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 197,000 Factory payroll (paid with cash) 200,000 Factory overhead Indirect materials...
Use the following information to answer the questions below:
Use the following information to answer the questions below: note: all sales are credit sales Income Stmt info: 2016 2017 Sales $ 975,000 $        1,072,500 less Cost of Goods Sold: 325,000 346,125 Gross Profit 650,000 726,375 Operating Expenses 575,000 609,500 Earnings before Interest & Taxes 75,000 116,875 Interest exp 25,000 31,000 earnings before Taxes 50,000 85,875 Taxes 20,000 34,350 Net Income $ 30,000 $              51,525 Balance Sheet info: 12/31/2016 12/31/2017 Cash 60,000 $ 63,600 Accounts Receivable 80,000 $ 84,000 Inventory...
Use the following information to answer questions [The following information applies to the questions displayed below.]...
Use the following information to answer questions [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 48,000 $ 48,000 Work in process 9,900 19,700 Finished goods 67,000 33,700 Activities and information for May Raw materials purchases (paid with cash) 194,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 14,000 Indirect...
Use the following information to answer questions [The following information applies to the questions displayed below.]...
Use the following information to answer questions [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 44,000 $ 54,000 Work in process 9,500 18,800 Finished goods 59,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 185,000 Factory payroll (paid with cash) 250,000 Factory overhead Indirect materials 10,000 Indirect...
Information for questions #14-20. Complete the following ANOVA table and then answer the questions that follow.  The...
Information for questions #14-20. Complete the following ANOVA table and then answer the questions that follow.  The ANOVA test was conducted using a significance level of 0.05. ANOVA Source of Variation SS df MS F P-value F crit Between Groups 1030964 3 c e 0.074 f Within Groups 2561191 b d Total a 23 14) In the ANOVA table above, what is the value of (a)? A)  3,591,155 B)  1,030,964 C)  2,561,191 D)  1,530,227 E)  3,592,155 15) In the ANOVA table above, what is the value...
Use the following information about All I Got (NASDAQ: AIG) to answer questions 18-22. AIG is...
Use the following information about All I Got (NASDAQ: AIG) to answer questions 18-22. AIG is evaluating a project that costs $25 million in year 0 and is expected to generate after-tax cash inflows equal to $5 million in year 1, $10 million in year 2, $15 million in year 3, and $20 million in year 4. The firm’s cost of capital is 10 percent. Assume that the firm is using only regular payback method to make its capital budgeting...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT