A store is giving out cards labeled 1 through 10 when customers enter the store. If the card is an even number, you get a 15%
1 answer:
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Answer:
Part1)
Readjustment is needed
Part 2)
No readjustment is needed
Step-by-step explanation:
Data given and notation
Part 1
represent the sample mean
represent the population standard deviation
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
z would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to apply a two tailed test.
What are H0 and Ha for this study?
Null hypothesis:
Alternative hypothesis :
Compute the test statistic
The statistic for this case is given by:
(1)
z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
Give the appropriate conclusion for the test
Since is a two tailed test the p value would be:
Using the value of we see that
and we have enough evidence to reject the null hypothesis.
Readjustment is needed
The rejection zone is given by:
Part 2
represent the sample mean
We can replace in formula (1) the info given like this:
Give the appropriate conclusion for the test
Since is a two tailed test the p value would be:
Using the value of we see that
and we have enough evidence to FAIL to reject the null hypothesis.
No readjustment is needed
The rejection zone is given by:
What action would you recommend ?
Review the procedure.
Do you reach the same conclusion ?
No we got different conclusions