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Auction Price Analysis of Tennis Rackets

The document discusses test statistics and hypothesis testing. It provides examples of hypothesis tests related to the mean of normal distributions. It outlines the steps to conduct hypothesis tests which include identifying the null and alternative hypotheses, determining the test statistic and critical value, and making a decision to reject or not reject the null based on the critical value. It also provides examples applying these steps to test claims about the means of sample distributions related to prices, carbohydrate content, and time to complete computer repairs.

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leanie
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25 views12 pages

Auction Price Analysis of Tennis Rackets

The document discusses test statistics and hypothesis testing. It provides examples of hypothesis tests related to the mean of normal distributions. It outlines the steps to conduct hypothesis tests which include identifying the null and alternative hypotheses, determining the test statistic and critical value, and making a decision to reject or not reject the null based on the critical value. It also provides examples applying these steps to test claims about the means of sample distributions related to prices, carbohydrate content, and time to complete computer repairs.

Uploaded by

leanie
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Test on Population

Mean
Mean and Standard
Deviation is unknown
GRADE
Example:
The price of a popular tennis racket at a national chain store is 179
pesos. Jomari bought five of the same racket at an online auction site
for the following prices:
155 179 175 175 161
Assuming that the auction prices of rackets are normally distributed,
determine whether there is sufficient evidence in the sample, at
the 5% level of significance, to conclude that the average price
of the racket is less than 179 pesos if purchased at an online
auction.
#1 Identify the null and alternative
hypothesis

Identify the given and solve


#2 for the test statistics

Steps #3 Identify the critical value and


rejection region

Make a decision , whether to reject


#4 or not to reject the null hypothesis.
Example:
The price of a popular tennis racket at a national chain store is 179
pesos. Jomari bought five of the same racket at an online auction site
for the following prices:
155 179 175 175 161
Assuming that the auction prices of rackets are normally distributed,
determine whether there is sufficient evidence in the sample, at
the 5% level of significance, to conclude that the average price
of the racket is less than 179 pesos if purchased at an online
auction.
Example:
. The label on a can of pineapple slices states that the mean
carbohydrate content per serving of canned pineapple is over 50
grams. It may be assumed that the standard deviation of the
carbohydrate content is 4 grams. A random sample of 15 servings
has a mean carbohydrates content of 52.3 grams. Is the company
correct its claim? Use a = 0.05.
Example:
To increase customer service, a computer
repair shop claims its technicians can replace
a computer RAM (random Access Memory) in
12 minutes. A time management specialist
selected 6 replacement jobs and found their
mean time to be 11.6 minutes. The standard
deviation of the sample was 2.1 minutes. At
a =0.025, is there enough evidence to
conclude that the mean time in changing
computer RAM is less than 12 minutes?
If n is greater than 30#1 State the null and alternative
hypothesis

Select the level of


use z test #2 significance.

#3 Determine the critical value


and rejection region

#4 State the decision rule


#5 Compute the test
statistics

STEPS Make a decision, whether to


#6 reject or not to reject the null
hypothesis.
Example:
A manufacturer claims that the average
lifetime of his lightbulbs is 3 years or 36
months. The standard deviation is 8 months.
Fifty bulbs are selected, and the average
lifetime is found to be 32 months. Should the
manufacturer’s statement be rejected at a =
0.01?
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HEALTH
BE KIND WORKERS SPECIFIC
GROUP
COVID - 19 has
Don't discriminate Don't discriminate
against people because against health workers. affected people from
of your fears of the health workers deserve many countries. Don't
our respect and attribute it to any
spread of COVID - 19 gratitude. specific group.
Thankyou!

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