A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing

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A Company Is Developing A New High Performance Wax For Cross Country Ski Racing In Order To Justify The Price Marketing 1 (42.47 KiB) Viewed 19 times

A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast Specifically, the mean time to finish their standard ton course should be less than 55 seconds for a former Olympic champion. To test it, the champion will skithe course 8 times. The champion's times (selected at random) are 516, 648, 509, 52.1, 46.1, 462,542 and 426 Seconds to complete the test course Should they market the wax? Assume the assumptions and conditions for appropriate hypothesis testing are met for the sample. Use 005 as the value cutoff level Choose the correct null and alternative hypotheses below ол. Но и > 55 H55 Ос. Но «55 H55 . B. Hor 55 H55 OD. H 55 HAR>55 Calculate the lost statistic (Round to three decimal places as needed) Calculate the Pvalue P value - (Round to four decimal places as needed) Choone the correct conclusion below. OA Yos, market the wax as there is sufficient evidence to conclude the mean time is less than 55 seconds