Hypothesis testing for fax cost

Related BrainMass Solutions

• At the 0.01 level of significance, is the true mean of fax transmissions greater than 10?

  This solution contains a detailed five step hypothesis testing method for if fax cost is included in the solution. An Excel template for the testing procedure is also included.

• Hypothesis Testing: Mean vs. Hypothesized Value

  196639 Hypothesis Testing: Mean vs. Hypothesized Value Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead.

• One-sample hypothesis test

  Mean is greater than 10 pages ) Tests the hypothesis that average fax transmission is more than 10 pages.

• Test of hypothesis

  30 we will use normal distribution sample mean= 14.44 pages Z at the 0.01 level of significance 1 tailed test = 2.3263 acceptance limit for Null Hypothesis= M +z*sx= 11.7498 =10+2.3263*0.7522 Reject

• .01 level of significance and right tail p-value

  186507 Hypothesis testing Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead. Exceptions are allowed, but they want the average to be 10 or below.

• Testing of Hypothesis

  (b) Use Excel to find the right-tail p-value Please see the attachment for solution. If you need any clarification please ask me. Thank you. The solution describes a Testing of Hypothesis problem.

• Hypothesis Testing of Population Mean

  The solution provides step by step method for the calculation of testing of hypothesis. Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included.

• Method process for null hypothesis

  Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.

• right-tail p-value and p- value calculation

  187110 P-value and Hypothesis Testing 9.54 Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead. Exceptions are allowed, but they want the average to be 10 or below.