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#### All Subjects Statistics General Statistics

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# Maths- Compute the p-value and interpret

Question # 00011921
Subject: Statistics
Due on: 04/10/2014
Posted On: 04/10/2014 01:41 AM

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 LOCATION INCOME(\$1000) SIZE YEARS CREDIT BALANCE(\$) Rural 30 2 12 3159 Rural 31 2 4 1864 Rural 37 1 20 2731 Rural 27 1 19 2477 Rural 33 2 12 2514 Rural 44 1 7 2995 Rural 42 2 19 3020 Rural 30 1 14 2583 Rural 48 2 8 3866 Rural 50 2 11 3605 Rural 35 1 11 3121 Rural 27 2 1 2921 Rural 30 2 14 3067 Rural 22 4 16 3074 Suburban 32 4 17 5100 Suburban 50 5 14 4742 Suburban 66 4 10 4764 Suburban 63 4 13 4965 Suburban 62 6 13 5678 Suburban 55 7 15 5301 Suburban 54 6 14 5573 Suburban 67 4 13 5037 Suburban 22 3 18 3579 Suburban 39 2 18 2972 Suburban 54 3 9 3730 Suburban 23 6 18 4127 Suburban 61 2 14 4273 Suburban 46 5 13 4820 Suburban 66 4 20 5149 Urban 54 3 12 4016 Urban 55 2 9 4070 Urban 40 2 7 3348 Urban 51 3 16 4110 Urban 25 3 11 4208 Urban 48 4 16 4219 Urban 65 3 12 4214 Urban 42 6 15 4412 Urban 21 2 18 2448 Urban 37 5 5 4171 Urban 21 3 16 3623 Urban 41 7 18 4828 Urban 34 5 5 3586 Urban 67 5 1 5345 Urban 55 6 16 5370 Urban 52 2 11 3890 Urban 62 3 2 4705 Urban 64 2 6 4157 Urban 29 4 4 3890 Urban 39 4 15 4183 Urban 26 7 17 4603

Your manager has speculated the following:

1. the average (mean) annual income was less than \$50,000,
2. the true population proportion of customers who live in an urban area exceeds 40%,
3. the average (mean) number of years lived in the current home is less than 13 years,
4. the average (mean) credit balance for suburban customers is more than \$4300.

Using the sample data, perform the hypothesis test for each of the above situations in order to see if there is evidence to support your managerâ€™s belief in each case a.-d. In each case use the Seven Elements of a Test of Hypothesis, in Section 6.2 of your text book with ? = .05, and explain your conclusion in simple terms. Also be sure to compute the p-value and interpret.

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#### Maths- Compute the p-value and interpret Solution

Tutorial # 00011488
Posted On: 04/10/2014 01:44 AM
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Tutorial Preview …State xxx null xxxxxxxxxx Ho: ? x 50000 State xxx alternative xxxxxxxxxx xxx ? xxxx 50000 Set x…
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Preview: in xx urban xxxx exceeds 40, xxx average (mean) xxxxxx of xxxxx xxxxx in xxx current home xx less than xx years,.....
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