Business Statistics Homework

User Generated

fxjgf

Mathematics

Description

- Attached are screenshots of questions 2, 3, and 7

- Answer them and show all work

- Include the each question # to its answer

- Must be typed

Unformatted Attachment Preview

7. Consumer Reports uses a survey of readers to obtain customer satisfaction ratings for the nation's largest retailers (Consumer Reports, March 2012). Each survey respondent is asked to rate a specified retailer in terms of six factors: quality of products, selection, value, checkout efficiency, service, and store layout. An overall satisfaction score summarizes the rating for each respondent with 100 meaning the respondent is completely satisfied in terms of all six factors. Sample data representative of independent samples of Target and Walmart customers are shown below. Target Walmart ni = = 25 n2 = 30 T 1 = 79 T2 = 71 a. Formulate the null and alternative hypotheses to test whether there is a difference between the population mean customer satisfaction scores for the two retailers. b. Assume that experience with the Consumer Reports satisfaction rating scale indicates that a population standard deviation of 12 is a reasonable assumption for both retailers. Conduct the hypothesis test and report the p-value. At a .05 level of significance what is your conclusion? 3. Consider the following hypothesis test. Ho: μι - μ2 = 0 Ha: μι - μ2 4 0 The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 n2 = 70 ni = 80 Ti = 104 01 = 8.4 T 2 = 106 02 7.6 a. What is the value of the test statistic? b. What is the p-value? 2. Consider the following hypothesis test. SELFtest Ho: μι - μ2 0 The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 ni = 40 n2 = 50 I 2 = 22.8 Ti = 25.2 01 = 5.2 = 02 6.0 a. What is the value of the test statistic? Answer b. What is the p-value? Answer
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

See attached

QUESTION 2
a)Test statistic

test statistic(z) =

̅̅̅̅− 𝑥2
̅̅̅̅
𝑥1

2
2
√𝜎1 +𝜎2
𝑛1
𝑛2

=

25.2−22.8
2

2

√5.2 +6
40

= 2.03

50

b) p value
From z tab...


Anonymous
I was stuck on this subject and a friend recommended Studypool. I'm so glad I checked it out!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags