A. H1: < 7.7 seconds

B. H1: 7.7 seconds

C. H1: > 7.7 seconds

D. H1: = 7.7 seconds

2-At a university, the average cost of books per student has been $550 per student per semester. The Dean of Students believes that the costs are increasing and that the average is now greater than $550. He surveys a sample of 40 students and finds that for the most recent semester their average cost was $630 with a standard deviation of $120. What is the test value for this hypothesis test?

Test value: Round your answer to two decimal places as necessary.

3-The CEO of a software company is committed to expanding the proportion of highly qualified women in the organization’s staff of salespersons. He believes that the proportion of women in similar sales positions across the country is less than 45%. Hoping to find support for his belief, he directs you to test

H0: p .45 vs H1: p < .45.

In doing so, you collect a random sample of 50 salespersons employed by his company, which is thought to be representative of sales staffs of competing organizations in the industry. The collected random sample of size 50 showed that only 18 were women.

What is the smallest level of significance at which you could reject the null in favor of the alternative hypothesis? Place your answer, rounded to 4 decimal places, in the blank. For example, 0.1234 would be a legitimate entry

4-Let x be a random variable representing dividend yield of Australian bank stocks. We may assume that x has a normal distribution with = 2.8%. A random sample of 16 Australian bank stocks has a sample mean dividend yield of 8.91%. For the entire Australian stock market, the mean dividend yield is = 6.4%. If you wanted to test, at a .05 level of significance, to determine if these data indicate that the dividend yield of all Australian bank stocks is higher than 6.4% what is the critical value that you would use? Place your answer, rounded to 2 decimal places, in the blank. For example, 2.345 would be a legitimate entry

5-A survey determines that mint chocolate chip is the favorite ice cream flavor of 6% of consumers. An ice cream shop determines that of 240 customers, 18 customers stated their preference for mint chocolate chip.

Find the P-value that would be used to determine if the percentage of customers who prefer mint chocolate chip ice has increased at a 5% level of significance.

P-value: Round your answer to four decimal places as necessary.

6-The CEO of a software company is committed to expanding the proportion of highly qualified women in the organization’s staff of salespersons. He believes that the proportion of women in similar sales positions across the country is less than 45%. Hoping to find support for his belief, he directs you to test

H0: p .45 vs H1: p < .45.

In doing so, you collect a random sample of 50 salespersons employed by his company, which is thought to be representative of sales staffs of competing organizations in the industry. The collected random sample of size 50 showed that only 18 were women.

Compute the p-value associated with this test. Place your answer, rounded to 4 decimal places, in the blank. For example, 0.3456 would be a legitimate entry.

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## This question was asked on Apr 21, 2013 and answered on Apr 22, 2013.

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