Quiz - Week 4

# Quiz - Week 4 - 1 Question A manufacturer wants to increase...

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Unformatted text preview: 1. Question : A manufacturer wants to increase the absorption capacity of a sponge. Based on past data, the average sponge could absorb 3.5 ounces. After the redesign, the absorption amounts of a sample of sponges were (in ounces): 4.1, 3.7, 3.3, 3.5, 3.8, 3.9, 3.6, 3.8, 4.0, and 3.9. What is the decision rule at the 0.01 level of significance to test if the new design increased the absorption amount of the sponge? 2. Question : To conduct a test of hypothesis with a small sample, we need to be able to make an assumption that: 3. Question : The average cost of tuition, room and board at small private liberal arts colleges is reported to be \$8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges showed that the average cost per term is \$8,745 with a standard deviation of \$1,200. Let = 0.05.showed that the average cost per term is \$8,745 with a standard deviation of \$1,200....
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## This note was uploaded on 04/23/2011 for the course EC 315 taught by Professor Barcus during the Spring '10 term at Park.

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Quiz - Week 4 - 1 Question A manufacturer wants to increase...

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