Hypothesis Tests
|
Sample statistic |
Competitor A |
Competitor B |
Competitor C |
|
Mean |
54,028.400 |
50,407.686 |
63,478.371 |
|
St. Dev. |
14,803.261 |
5,466.700 |
19,547.485 |
|
N |
35 |
35 |
35 |
Using the sample statistics above, test each competitor's claim about their tires' tread life at the 5% significance level. Recall the following from the project.
Suppose you work at a large tire distribution center. The tires’ average tread life has been 50,000 miles with a standard deviation of 5,000 miles. At the end of the year, the company can reevaluate their supply contract. There are four supply options for the next contract: the current supplier or one of three competitors.
H0 : μ=μ0
HA: μ≠μ0
A). What is the critical t-score for our hypothesis tests at the 5% significance level? Using the table, you will have four (4) decimal places. (Remember, we are conducting a two-tailed test.)?
B). Hypothesis Tests: Competitor A
What is the t-test statistic for Competitor A? Remember, Competitor A claims a tread life of 52,000 miles?
C). Hypothesis Tests: Competitor B
What is the t-test statistic for Competitor B? Remember, Competitor B claims a tread life of 50,000 miles?
D). Hypothesis Tests: Competitor C
What is the t-test statistic for Competitor C? Remember, Competitor C claims a tread life of 60,000 miles?
Hypothesis Tests Sample statistic Competitor A Competitor B Competitor C Mean 54,028.400 50,407.686 63,478.371 St. Dev....
Suppose you work at a large tire distribution center. The tires' average tread life has been 50,000 miles with a standard deviation of 5,000 miles At the end of the year, the company can reevaluate their supply contract. There are four supply options for the next contract the current supplier or one of three competitors The current supplier produces tires with an average tread life of 50,000 miles with a standard deviation of 5,000 miles Competitor A claims to produce...
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