{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Econ 203 Hmwk 6

# Econ 203 Hmwk 6 - Graded Homework 6 You have submitted this...

This preview shows pages 1–3. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This test statistic has A standard normal distribution A t distribution A chi-squared distribution What is the p-value for this test? . 35839 = 0.35839 Allowing for a 10% chance of a Type I error, what is your conclusion for this test? Reject the null hypothesis; therefore, there is not enough evidence to conclude that one design is quicker than the other one. Do not reject the null hypothesis; therefore, there is not enough evidence to conclude that one design is quicker than the other one. Do not reject the null hypothesis and conclude that one design is quicker than the other one. Reject the null hypothesis and conclude that one design is quicker than the other one. Construct a 95% confidence interval for the difference in production time between design A and design B. Use the TINV function to get the t-value. For help, look at pages 156 and 157 of the course packet. So, just type =TINV(0.05, d.f.) in excel to get the t-value you need. The LCL and the UCL are: -.3176 = -0.3176 and .8616 = 0.8616 Item 3: You made all of the correct selections.
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern