#1030163

#1030163: A manufacturer wishes to determine if the average profit from the sale of his product exceeds $6,710. Which of the following is the appropriate hypothesis test?

A manufacturer wishes to determine if the average profit from the sale of his product exceeds $6,710. Which of the following is the appropriate hypothesis test?
Варианты ответа:
  • H0: population means profit from sale > $6,710 vs. H1: population mean profit from sale ≤ $6,710
  • H0: population means profit from sale ≤ $6,710 vs. H1: population mean profit from sale > $6,710
  • H0: population means profit from sale < $6,710 vs. H1: population mean profit from sale ≥ $6,710
  • H0: population means profit from sale ≥ $6,710 vs. H1: population mean profit from sale < $6,710

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Тематика: Математические и инструментальные методы поддержки принятия решений Системный анализ и принятие решений Учет и анализ
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Which of the following is true about determining the proper form of the hypotheses? Which of the following is a Type I error? Robin Inc. feared that the average company loss is running beyond $34,000. It initially conducted a hypothesis test on a sample extracted from its database. The hypothesis was formulated as H0: average company loss $34,000 vs. H1: average company loss > $34,000. The test resulted in favor of Robin Inc.'s loss not exceeding $34,000. Detailed study of company accounts later revealed that the average company loss had run up to $37,896. Which of the following errors were made during the hypothesis test? Type II error occurs when the test: Level of significance is the probability of: