Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899558
Joined: Mon Aug 02, 2021 8:13 am

Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a

Post by answerhappygod »

Fowle Marketing Research, Inc., bases charges to a client on the
assumption that telephone surveys can be completed in a mean time
of 15 minutes or less. If a longer mean survey time is necessary, a
premium rate is charged. Suppose a sample of 35 surveys produces
the data in the Microsoft Excel Online file below. Use a known σ =
3.8 minutes. Is the premium rate justified?
b.) Compute the value of the test statistic (to 2 decimals).
c.) What is the p-value (to 4 decimals)?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply