document.write( "Question 959200: The Highway Safety Institute conducted test crashes at 6 mph, calculating the costs for the damage caused. The costs for the five test crashes were $7480, $4910, $9050, $6375, and $4275. Use these data to test the claim that the mean cost of a 6mph crash is different from $5000. Use a 5% level of significance.
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document.write( "A) state the null and alternative hypothesis B) identify the critical value(s), C) calculate the test statistic, D) make a decision to reject the null hypothesis or not, and E) state a full conclusion in the context of the problem.
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document.write( "Please help \n" );
document.write( "
Algebra.Com's Answer #586291 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The Highway Safety Institute conducted test crashes at 6 mph, calculating the costs for the damage caused. The costs for the five test crashes were $7480, $4910, $9050, $6375, and $4275. Use these data to test the claim that the mean cost of a 6mph crash is different from $5000. Use a 5% level of significance. \n" ); document.write( "--------------------------- \n" ); document.write( " A) state the null and alternative hypothesis \n" ); document.write( "Ho: u = 5000 \n" ); document.write( "Ha: u # 5000 (claim) \n" ); document.write( "----------------------- \n" ); document.write( "B) identify the critical value(s), \n" ); document.write( "Since n < 30 use a t value:: \n" ); document.write( "t = +/- 2.7765 \n" ); document.write( "---- \n" ); document.write( "C) calculate the test statistic, \n" ); document.write( "mean of the sample = 6418 ; s = 1931.55 \n" ); document.write( "t(6418) = (6418-5000)/[1931.55/sqrt(5)] = 1.6415 \n" ); document.write( "------ \n" ); document.write( "D) make a decision to reject the null hypothesis or not, and \n" ); document.write( "Because the test stat is not in the reject interval, fail to \n" ); document.write( "reject Ho at the 5% level of significance. \n" ); document.write( "----------------------- \n" ); document.write( "E) state a full conclusion in the context of the problem. \n" ); document.write( "The test results do not support the claim that u is different \n" ); document.write( "than 5000. \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |