Solved

Mary Examined a Random Sample of Friday Withdrawals from a College

Question 146

Essay

Mary examined a random sample of Friday withdrawals from a college campus ATM. She hypothesized that the mean was less than $100. The results shown below are from MegaStat. What would Mary conclude from this test? Explain carefully.
Hypothesis Test: Mean vs. Hypothesized Value
100.000100.000 \quad \quad hypothesized value
85.88285.882 \quad \quad mean Withdrawal
85.07885.078 \quad \quad std. dev.
20.63420.634 \quad \quad std. error
1717 \quad \quad \quad \quad n
16 \quad \quad \quad \quad df
0.68- 0.68 \quad \quad \quad t
.2518.2518 \quad \quad p-value (one-tailed, lower)

Correct Answer:

verifed

Verified

The p-value says that a sample mean such...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents