A payment company is in the process of transitioning some of…
A payment company is in the process of transitioning some of their customers from a physical credit card. They want to compare the two payment methods, physical credit card and digital credit card, to see if there is a drop in use based on digital. Management in the company is concerned that digital is used less than physical. Digital’s results were a 62% use, and physical were at 82% use. The samples’ standard error was 5%. At 90% confidence, z=-1.645 (p-value = 0.05), compared to the samples p-value (p-value =
Read DetailsThe average age of NCAA competitors is 23 years old. The stu…
The average age of NCAA competitors is 23 years old. The study seeks to test if the average age of NCAA competitors is lower. A sample of NCAA competitors were randomly sampled, and the outcome of the sample average of NCAA competitors was 19. Assume a standard deviation of 2. Select the correct Null and Alternative Hypothesis.
Read DetailsThe average age of NCAA competitors is 23 years old. The stu…
The average age of NCAA competitors is 23 years old. The study seeks to test if the average age of NCAA competitors is lower. A sample of NCAA competitors were randomly sampled, and the outcome of the sample average of NCAA competitors was 19. Assume a standard deviation of 2. At 90% confidence, assuming there is sufficient evidence to reject H0. Provide the conclusion and your inference in relation to the hypothesis.
Read DetailsA study of recent study of citrus tress in Florida was done…
A study of recent study of citrus tress in Florida was done to check if lifespan have decreased from the average of 12 years. A sample of 42 trees was taken, with a sample average of 9 years, resulting in rejection of H0 : μ = 12, with sufficient evidence to support a decrease. This study’s conclusions were later found to be incorrect due to a sampling issue. True or False: The error made resulted in a False Negative?
Read DetailsThe average age of NCAA competitors is 23 years old. The stu…
The average age of NCAA competitors is 23 years old. The study seeks to test if the average age of NCAA competitors is lower. A sample of NCAA competitors were randomly sampled, and the outcome of the sample average of NCAA competitors was 19. Assume a standard deviation of 2. At 90% confidence (p-value=0.10), and the z-score’s p-value (p-value = .0228), compare p-values and determine if there is sufficient evidence to reject H0. Show your work, and if you would reject H0.
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