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Basic Business Statistics Study Set 2
Quiz 10: Hypothesis Testing: Two Sample Tests
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Question 61
Short Answer
Instruction 10-6 A buyer for a manufacturing plant suspects that his primary supplier of raw materials is overcharging.In order to determine if his suspicion is correct,he contacts a second supplier and asks for the prices on similar various materials.He wants to compare these prices with those of his primary supplier.The data collected is presented in the table below,with some summary statistics presented (all of these might not be necessary to answer the questions which follow).The buyer believes that the differences are normally distributed and will use this sample to perform an appropriate test at a level of significance of 0.01.
Material
Primary
Supplier
Secondary
Supplier
Difference
1
$
55
$
45
$
10
2
$
48
$
47
$
1
3
$
31
$
32
−
$
1
4
$
83
$
77
$
6
5
$
37
$
37
$
0
6
$
55
$
54
$
1
Sum:
$
309
$
292
$
17
Sum of Squares.
$
17
,
573
$
15
,
472
$
139
\begin{array} { c c c r } \text { Material } & \begin{array} { c } \text { Primary } \\\text { Supplier }\end{array} & \begin{array} { c } \text { Secondary } \\\text { Supplier }\end{array} & \text { Difference } \\\hline 1& \$ 55 & \$ 45 & \$ 10 \\2 & \$ 48 & \$ 47 & \$ 1 \\3 & \$ 31 & \$ 32 & - \$ 1 \\4 & \$ 83 & \$ 77 & \$ 6 \\5 & \$ 37 & \$ 37 & \$ 0 \\6& \$ 55 & \$ 54 & \$ 1 \\\hline \hline \text { Sum: } &\$309&\$292&\$17\\\text { Sum of Squares. } & \$ 17,573 & \$ 15,472 & \$ 139\end{array}
Material
1
2
3
4
5
6
Sum:
Sum of Squares.
Primary
Supplier
$55
$48
$31
$83
$37
$55
$309
$17
,
573
Secondary
Supplier
$45
$47
$32
$77
$37
$54
$292
$15
,
472
Difference
$10
$1
−
$1
$6
$0
$1
$17
$139
-Referring to Instruction 10-6,what is the 99% confidence interval estimate for the mean difference in prices?
Question 62
Short Answer
In testing for the differences between the means of two related populations,the ________ hypothesis is the hypothesis of "no differences".
Question 63
Short Answer
Instruction 10-12 Two samples each of size 25 are taken from independent populations assumed to be normally distributed with equal variances.The first sample has a mean of 35.5 and standard deviation of 3.0 while the second sample has a mean of 33.0 and standard deviation of 4.0. -Referring to Instruction 10-12,what is the 95% confidence interval estimate for the difference in the two means?
Question 64
Short Answer
Instruction 10-12 Two samples each of size 25 are taken from independent populations assumed to be normally distributed with equal variances.The first sample has a mean of 35.5 and standard deviation of 3.0 while the second sample has a mean of 33.0 and standard deviation of 4.0. -Referring to Instruction 10-12,the computed t statistic is ________.
Question 65
Short Answer
Instruction 10-12 Two samples each of size 25 are taken from independent populations assumed to be normally distributed with equal variances.The first sample has a mean of 35.5 and standard deviation of 3.0 while the second sample has a mean of 33.0 and standard deviation of 4.0. -Referring to Instruction 10-12,if you were interested in testing against the one-tailed alternative that μ
1
> μ
2
at the α = 0.01 level of significance,the null hypothesis would ________ .
Question 66
Short Answer
Instruction 10-12 Two samples each of size 25 are taken from independent populations assumed to be normally distributed with equal variances.The first sample has a mean of 35.5 and standard deviation of 3.0 while the second sample has a mean of 33.0 and standard deviation of 4.0. -Referring to Instruction 10-12,what is the 90% confidence interval estimate for the difference in the two means?
Question 67
Short Answer
In testing for the differences between the means of two related populations,you assume that the differences follow a ________ distribution.
Question 68
Multiple Choice
When testing H
0
: π
1
- π
2
≥ 0 versus H
1
: π
1
- π
2
< 0,the observed value of the Z test statistic was found to be -2.13.The p-value for this test is