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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
9.30     The average weight of a package of rolled oats is supposed to be at least 18 ounces. A sample of 18 packages shows a mean of 17.78 ounces with a standard deviation of 0.41 ounces. (a) At the 5 percent level of significance, is the true mean smaller than the specification? Clearly state your hypotheses and decision rule. (b) Is this conclusion sensitive to the choice of α? (c) Use Excel to find the p-value. Interpret it.
9.31     According to J.D. Power & Associates, the mean purchase price of a smartphone device (such as an iPhone or Blackberry) in 2008 was $216. In 2009, a random sample of 20 business managers who owned a smartphone device showed a mean purchase price of $209 with a sample standard deviation of $13. (a) At α = .05, has the mean purchase price decreased? State the hypotheses and decision rule clearly. (b) Use Excel to find the p-value and interpret it.
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