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. At a level of significance of 1%, would you claim that the new design is better than the old one?
Selected Answer: No because we reject the Null hypothesis at Type 1 error = 1%.
Answers:No because we don't reject the Null Hypothesis at Alpha = .01.
Yes because we reject the Null hypothesis at Type 1 error = 1%.
Yes because the cut-off is more than the sample mean.
Yes? No? Maybe? The heck I care about Mr. SpongeBob!
Correct Answer Yes, because we reject at 1%.
Can you hel me understand my wrong answer?
What are the primary characteristics of managed care organizations? Also outline the two different types and their key features. Give examples to support your answerDescr...Jun 26 2021
Floyd Industries stock has a beta of 1.25. The company just paid a dividend of $.40, and the dividends are expected to grow at 5 percent per year. The expected return on ...May 14 2021
105. Which of the accounts are increased with a debit and decreased with a credit?a. Liabilities, stockholders’ equity, and revenues.b. Dividends, liabilities, and assets...Jan 27 2020
Superior Micro Products uses the weighted-average method in itsprocess costing system. Data for the Assembly Department for Mayappear below:MaterialsLaborOverheadWork in ...May 28 2021
Which of the following is the FINAL step in a forecasting system? A. Validate and implement the results. B. Make the forecast. C. Select the forecast model(s). D. G...Apr 19 2021
An increase in the personal income tax rate on interest income willA) increase desired saving because the expected after-tax real interest rate rises.B) decrease desired ...Jan 23 2020
On November 1, Bahama National Bank lends $3 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the a...May 17 2020
Give the ground-state electron configuration for each of the following elements:(a) Oxygen(b) Nitrogen(c) SulfurJul 30 2021
What is the chemical name of Cu2S?Jul 23 2021
6. How can firms reduce the problems associated with acquisitions?Jul 13 2021