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Hypothesis testing problems

1) Clark Heter is an industrial engineer at Lyons Products.....

2) Two boats, the Prada (Italy), and the Oracle (U.S.A.) are competing for a spot in the upcoming America's Cup Race.....


Solution Summary

The solution provides step by step method for the calculation of test statistic and P value for two hypothesis testing problems . Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included. The user can edit the inputs and obtain the complete results for a new set of data. The questions is from the book Lind, D., Marchal, W., Wathen, S., (2008). Statistical Techniques in Business and Economics.13th ed. Pg 332-360: McGraw-Hill/Irwin Series