subject
Mathematics, 12.02.2020 04:09 destinyd10189

According to a recent report, customers who shop at a certain online store spend, on average, s1,500 a year at the store. To investigate whether the mean amount spent was greater than the reported averag obtained the mean and standard deviation of the amount spent in the past year by a random sample of 120 customers who shop at the store. With all conditions for inference met, the economist conducted the appropriate hypothesis test and obtained a p-value of 0.25. Which of the following statements is the most appropriate conclusion for the investigation?

(A) There is convincing statistical evidence that the mean amount of money spent each year by all customers who shop at the store is $1,500. who shop at the store is greater than $1,500. who shop at the store is less than $1,500. who shop at the store is greater than $1,500.
(B) There is convincing statistical evidence that the mean amount of money spent each year by all customers
(C) There is convincing statistical evidence that the mean amount of money spent each year by all customers
(D) There is not convincing statistical evidence that the mean amount of money spent each year by all customers
(E) The ere is not convincing statistical evidence that the mean amount of money spent each year by any sample of 120 customers who shop at the store is greater than $1,500.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Which of these is and example of a literal equation? a) 6+30=6^2 b)3x-4y c)12=9+3x d)ax-by=k
Answers: 3
question
Mathematics, 21.06.2019 17:30
33% of college students say they use credit cards because of the rewards program. you randomly select 10 college students and ask each to name the reason he or she uses credit cards. find the probability that the number of college students who say they use credit cards because of the rewards program is (a) exactly two, (b) more than two, and (c) between two and five inclusive. if convenient, use technology to find the probabilities.
Answers: 1
question
Mathematics, 21.06.2019 20:00
Bernice paid $162 in interest on a loan of $1800 borrowed at 6%. how long did it take her to pay the loan off?
Answers: 1
question
Mathematics, 21.06.2019 22:00
Hurry which expression is equivalent to 3โˆšx^5y?
Answers: 1
You know the right answer?
According to a recent report, customers who shop at a certain online store spend, on average, s1,500...
Questions
question
Mathematics, 22.01.2021 19:30
question
Mathematics, 22.01.2021 19:30
question
English, 22.01.2021 19:30
Questions on the website: 13722367