States the assumption (numerical) to be tested, for Example: The average number of TV sets in U.S. Homes is at least three (H0: μ ≥ 3). 1. Is always about a population parameter, not about a sample statistic. ✓ H0: μ ≥ 3 X H0: [pic] ≥ 3 Always begins with the assumption that the null hypothesis is true, similar to the notion of innocent until proven guilty. Refers to the status quo
Words: 1168 - Pages: 5
Ford Mustang Statistical Report To: Tom Jones, Director of Sales From: Statistician Date: 10/17/2010 Subject: Analysis of factors affecting selling price of Ford Mustangs Per your request, I am providing a statistical analysis of the factors affecting the selling price of Ford Mustangs. There are nine (9) variables that affect the selling price of Ford Mustangs. They are: Convertible or not Convertible, automatic or manual transmission, air conditioning or no air conditioning, GT model
Words: 3131 - Pages: 13
Marketing Research Fall 2011 Exercise: SPSS 5. Hypothesis test The MBA programme leader is interested to know if there is any significant average age difference between males and females and if there is which is the older group. a. Suggest a null hypothesis and an alternative hypothesis for testing the mean age for male and female students. μ0: The average ages of males and females are the same. μ1: The average ages of males and females are not the same. b. Carry out
Words: 659 - Pages: 3
| Syllabus School of Business QNT/TM561 Version 2 Research and Statistics for Process Control | Copyright Copyright © 2009, 2005 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks
Words: 2122 - Pages: 9
Process Improvement Plan Christina Scott OPS/571 March 19, 2012 Ray E. Mowery Process Improvement Plan In week one of this course, the students were asked by the instructor to select a process that the student performed on a daily basis. This student chose the task of driving to work. The student collected driving times for four weeks. This paper will cover the explanation of the control limits, including calculations and data used to determine them. The paper will discuss the effect of any
Words: 1089 - Pages: 5
Checkpoint 5 Complete Exercise 9.13 (The Video Game Satisfaction Case) on page 357 in your textbook A. H0 ≤ 42 versus Ha >42 b: z = (42.954 - 42)/(2.64/√64) = 2.891 Z values at 0.10 = 1.28 - Reject 0.05 = 1.64 - Reject 0.01 = 2.33 - Reject 0.001 = 3.09 - Accept Since we are dealing with the right side of the curve the z values are positive. c: Z = 2.891 therefore right side = 0.0019 Left side = 0.9981 Since p is = 0.0019 it less than 0.10, 0.05. 0.01 but greater
Words: 788 - Pages: 4
inferential statistics to evaluate his or her results and create a credible conclusion. Descriptive statistics provides information focused on an immediate group of data. After defining what needs to be analyzed, the descriptive statistics will help the analyzer abridge the data to a more meaningful and comprehendible form, which will then provide patterns in his or her research that, will provide a foundation to his or her thesis. For example, a person could use descriptive statistics to evaluate
Words: 699 - Pages: 3
Description of the Frame The Frame is representative of the population due to the fact that is source used to represent it. According to me is a complete overregistration and it represents a finite population of stocks listed in alphabetical order. We could also observe information about those stocks such as their average maturity, the 7-day yield and the asset. This information is subject to change frequently. Data selected for sample RANDOM NUMBER FUND AVG. MATURITY/DAYS 7-DAY YIELD
Words: 296 - Pages: 2
MAT 300 M&Ms® Project Part 4 (21 pts) Test their claim that the true proportion of blue M&Ms candies is 0.24 at the 0.05 significance level. Hypotheses: Claim –p =0.24 H0: p = 0.24 (null) H1: p = 0.24 (alternative) Decision: Reject the null (sufficient evidence to suggest that true proportion is 0.24) Proportion Count Total Sample Prop. Std. Err. Z-Stat P-value p 379 1978 0.1916 0.1062995 -5.039380 .000000468 Test their claim that the true proportion of orange M&Ms candies is
Words: 574 - Pages: 3
disburse among many different markets. The other purpose of this project was to determine statistical data analysis of M&M candies. However to determine what is statistical data analysis we must first try to define the term statistic in the first place. Statistic to me is a set of techniques that are used in collecting, analyzing, presenting, and interpreting data. The statistical method we used helps in a variety of occupations and also helps people to identify study and solve many complex
Words: 507 - Pages: 3
