Use p-values to draw conclusions about hypothesis tests.
-On studying the database, the manufacturer found out that the average difference between the estimated and actual total costs was $394. Based on the sample data, can the manufacturer conclude that the average difference between the estimated and actual total costs is different from zero?
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Q16: What is the confidence coefficient when the
Q17: Identify the power of the test from
Q18: Level of significance is the probability of:
A)
Q19: State how to increase the power
Q20: Explain how to draw a conclusion for
Q22: State the proper forms of hypotheses for
Q23: Which of the following is true while
Q24: If the alternative hypothesis includes the symbol
Q25: Use the data given below to answer
Q26: Which of the following 2010 Excel functions
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