document.write( "Question 1171705: Hinton Press hypothesizes that the average life of its largest web press is 14,500 hours. They know that the standard deviation of press life is 2,100 hours. From a sample of 25 presses, the company finds a sample mean of 13,000 hours. At a 0.01 significance level, should the company conclude that the average life of the presses is less than the hypothesized 14,500 hours? \n" ); document.write( "
Algebra.Com's Answer #796619 by Boreal(15235) You can put this solution on YOUR website! Ho: life is >=14500 \n" ); document.write( "Ha: life is <14500 \n" ); document.write( "alpha=0.01 p{reject Ho|Ho true} \n" ); document.write( "test is a z \n" ); document.write( "critical value is z < 2.576 \n" ); document.write( "t=(13000-14500)/2100/sqrt(25)=-7500/2100=-3.57 \n" ); document.write( "reject Ho. The average life of the presses is < 14,500 hours \n" ); document.write( "p=0.0002 \n" ); document.write( " |