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Business Analytics Study Set 1
Quiz 7: Statistical Inference
Path 4
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Question 21
Essay
Use p-values to draw conclusions about hypothesis tests. -On studying the database, the manufacturer found out that the average difference between the estimated and actual total costs was $394. Based on the sample data, can the manufacturer conclude that the average difference between the estimated and actual total costs is different from zero?
Question 22
Multiple Choice
State the proper forms of hypotheses for two-sample hypothesis tests. -For a two-sample hypothesis test for differences in population parameters (1) and (2) , which of the following is the correct form of an upper-tailed test?