document.write( "Question 182048: Hi can you please help me solve for this problem from book: Doane−Seward: Applied Statistics in Business and Economics, chapter 10:\r
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document.write( "Blockbuster is testing a new policy of waiving all late fees on DVD rentals using a sample of 10 randomly chosen customers. (a) At α = .10, does the data show that the mean number of monthly rentals has increased? (b) Is the decision close? (c) Are you convinced?\r
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document.write( "Customer: 1,2,3,4,5,6,7,8,9,10\r
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document.write( "No Late Fee: 14,12,14,13,10,13,12,10,13,13\r
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document.write( "Late Fee: 10,7,10,13,9,14,12,7,13,9\r
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document.write( "Thank you \n" );
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Algebra.Com's Answer #136745 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! book: Doane−Seward: Applied Statistics in Business and Economics, chapter 10: \n" ); document.write( "Blockbuster is testing a new policy of waiving all late fees on DVD rentals using a sample of 10 randomly chosen customers. \n" ); document.write( "(a) At α = .10, does the data show that the mean number of monthly rentals has increased? \n" ); document.write( "Ho: u(d) = 0 \n" ); document.write( "Ha: u(d) > 0 \n" ); document.write( "--------------- \n" ); document.write( "The differences: 4,5,4,0,1,-1,0.3.0.4 \n" ); document.write( "mean of the sample: u(d) bar = 20/10 = 2 \n" ); document.write( "stand Dev of the sample; 2.211 \n" ); document.write( "Test statistic: t(2) = 2/[2.211/sqrt(10)] = 2.86 \n" ); document.write( "p-value: P(t > 2.86 with df = 9) = 0.009 \n" ); document.write( "-------------------- \n" ); document.write( " \n" ); document.write( "(b) Is the decision close? \n" ); document.write( "No since alpha = 10% and p= 0.9% \n" ); document.write( "--------------------------- \n" ); document.write( " \n" ); document.write( "(c) Are you convinced? \n" ); document.write( "I'll leave that to you. \n" ); document.write( "--- \n" ); document.write( "Customer: 1,2,3,4,5,6,7,8,9,10 \n" ); document.write( "No Late Fee: 14,12,14,13,10,13,12,10,13,13 \n" ); document.write( "Late Fee:... 10, 7,10,13, 9,14,12,7,13,9 \n" ); document.write( "--- \n" ); document.write( "---------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "t(2) = 2/ \n" ); document.write( " |