Essay
The Next Questions Are Based On The Following Information:
A company selling new econometrics computer software advertises that firms using this software obtain,on average during the first year,a yield of at least 10% on their initial investments.A random sample of 10 of the franchises that used the software produced the following yields for the first year of operation: 9.4,11.1,10.4,10.5,11.2,8.2,8.5,4.0,8.8,and 6.1.Assume that population yields are normally distributed.
-On the basis of a random sample the null hypothesis: H0 : μ ≤ μ0 is tested against the alternative: H1 : μ > μ0 and the null hypothesis is not rejected at the 10% significance level.Does this necessarily imply that μ0 is contained in the 90% confidence interval for μ?
Correct Answer:

Verified
No,the 90% confidence level pr...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q154: The Next Questions Are Based On The
Q155: Suppose that a t test of H<sub>0</sub>
Q156: The Next Questions Are Based On The
Q157: The Next Questions Are Based On The
Q158: The Next Questions Are Based On The
Q159: The larger the sample size,the greater the
Q161: A music industry professional claims that the
Q162: The Next Questions Are Based On The
Q163: The Next Questions Are Based On The
Q164: Suppose that you want to test H<sub>0</sub>