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Business Statistics Study Set 4
Exam 9: Statistical Inference: Hypothesis Testing for Single Populations
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Question 61
Multiple Choice
A company believes that it controls more than 30% of the total market share for one of its products.To prove this belief, a random sample of 144 purchases of this product is contacted.It is found that 50 of the 144 purchased this company's brand of the product.If a researcher wants to conduct a statistical test for this problem, the observed z value would be ___.
Question 62
Multiple Choice
In performing a hypothesis test where the null hypothesis is that the population mean is 4.8 against the alternative hypothesis that the population mean is not equal to 4.8, a random sample of 25 items is selected.The sample mean is 4.1 and the sample standard deviation is 1.4.It can be assumed that the population is normally distributed.The observed "t" value for this problem is ___.
Question 63
Multiple Choice
Ophelia O'Brien, VP of Consumer Credit of Credit First Banks (CFB) , monitors the default rate on personal loans at the CFB member banks.One of her standards is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans.Last Friday's sample contained 30 defaulted loans.Using
α
\alpha
α
= 0.10, the critical z value is ___.
Question 64
Multiple Choice
In a two-tailed hypothesis about a population mean with a sample size of 100 and α = 0.05, the rejection region would be ___.
Question 65
Multiple Choice
Suppose you are testing the null hypothesis that a population mean is less than or equal to 80, against the alternative hypothesis that the population mean is greater than 80.If the sample size is 49 and alpha = .10, the critical value of z is ___.
Question 66
Multiple Choice
The diameter of 3.5 centimetre discs is normally distributed.Periodically, quality control inspectors at Winnipeg Discs randomly select a sample of 16 discs.If the mean diameter of the discs is too large or too small the disc punch is shut down for adjustment; otherwise, the punching process continues.The last sample showed a mean and standard deviation of 3.49 and 0.08 centimetres, respectively.Using
α
\alpha
α
= 0.05, the appropriate decision is ___.
Question 67
Multiple Choice
In performing hypothesis tests about the population mean, the population standard deviation should be used if it is known.If it is not known, a t test can be used to test the mean if ___.