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Statistics for Business and Economics Study Set 5
Quiz 9: Estimation and Confidence Intervals
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Question 41
Multiple Choice
The mean gross annual incomes of certified tack welders are normally distributed with the mean of $50,000 and a standard deviation of $4,000. The ship building association wishes to find out Whether their tack welders earn more or less than $50,000 annually. The alternate hypothesis is That the mean is not $50,000. If the level of significance is 0.10, what is the critical value?
Question 42
Multiple Choice
A manufacturer wants to increase the absorption capacity of a sponge. Based on past data, the Average sponge could absorb 103.5ml. After the redesign, the absorption amounts of a sample of Sponges were (in millilitres) : 121.3, 109.2, 97.6, 103.5, 112.4, 115.3, 106.5, 112.4, 118.3, and 115.3. What is The decision rule at the 0.01 level of significance to test if the new design increased the absorption Amount of the sponge?
Question 43
Multiple Choice
Which of the following is a test statistic used to test a hypothesis about a population?
Question 44
Multiple Choice
A machine is set to fill the small size packages of Smarties candies with 56 candies per bag. A Sample revealed: 3 bags of 56, 2 bags of 57, 1 bag of 55, and 2 bags of 58. How many degrees of Freedom are there?