\$20 Bonus + 25% OFF

# MG620 Statistics For Managers

0 Download1 Pages / 196 Words Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT
• Course Code: MG 620
• University: Monroe College
• Country: United States

## Question:

### Fundamentals of Hypothesis Testing: One –Sample Tests

Answer the following question:

The manager of a paint supply store wants to determine whether the mean amount of paint contained in 1-gallon cans purchased from a nationally known manufacturer is actually 1 gallon. You know from the manufacturer’s specifications that the standard deviation of the amount of paint is 0.02 gallon. You select a random sample of 50 cans, and the mean amount of paint per 1-galllon can is 0.995 gallon.

1. At the .05 level of significance, is there evidence that the mean amount is different from 1.0 gallon? Show all steps! Draw the normal curve and insert all information given.
2. Compute the p-value and interpret its meaning. Show all steps!
3. Construct a 95% confidence interval estimate of the population mean amount of paint. Show all steps!
4. Compare the results of (a) and (c). What conclusions do you reach? Show all steps!

### Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). MG620 Statistics For Managers. Retrieved from https://myassignmenthelp.com/free-samples/mg-620-statistics-for-managers/fundamentals-of-hypothesis-testing.html.

My Assignment Help (2020) MG620 Statistics For Managers [Online]. Available from: https://myassignmenthelp.com/free-samples/mg-620-statistics-for-managers/fundamentals-of-hypothesis-testing.html
[Accessed 23 November 2020].

My Assignment Help. 'MG620 Statistics For Managers' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/mg-620-statistics-for-managers/fundamentals-of-hypothesis-testing.html> accessed 23 November 2020.

My Assignment Help. MG620 Statistics For Managers [Internet]. My Assignment Help. 2020 [cited 23 November 2020]. Available from: https://myassignmenthelp.com/free-samples/mg-620-statistics-for-managers/fundamentals-of-hypothesis-testing.html.

### Latest Statistics Samples

#### H16007 Statistics

Download : 0 | Pages : 4

Answer: 1. a) Frequency table Normal view of frequency table Classes  Frequency  Relative Frequency  Percentage  Relative Frequency  100 to 150 3 0.06 6 150 to 200 15 0.3 30 200 to 250 14 0.28 28 250 to 300 6 0.12 12 300 to 350 4 0.08 8 350 to 400 3 0.06 6 400 to 450 3 0.06 6  450 to 500 2 0.04 4 Total  50 1 100 Formula vi...

Read More

#### STA101 Business Statistics

Download : 0 | Pages : 7

Answers: 1. Decision making is the game-plan picked by dissecting the assembled data about any undertaking. The elective arrangements are additionally cross checked and choice tree helps in building the whole model. There were a few stages associated with basic leadership. At first the need of the choice and point of the task is examined. At that point vital data is gathered and elective ways are recognized. The information was cross checked ...

Read More

#### STAT670 Introductory Statistics

Download : 0 | Pages : 7
• Course Code: STAT670
• University: Macquarie University
• Country: Australia

Answer: Introduction Body fitness is important for both body wellbeing and increasing the body stamina. Researchers have found different factors that affect the muscular strength. One of this factor include gender, age, types of muscle fiber among others (Tackett, 2017). In this research, the main focus will be to determine whether gender, an individual body weight, and age have a significant impact on the weight lifted. To achieve this, the ...

Read More

#### HI6007 Statistics For Business Decisions

Download : 0 | Pages : 2
• Course Code: HI6007
• University: Holmes Institute
• Country: Australia

Answers: 1. a. Frequency table b. Histogram The histogram above clearly refers to the presence of positive skew due to which the shape of the graph is asymmetric. This can be inferred from a right side tail which is present. Hence, it ca also be concluded that the above distribution cannot be termed as normal distribution. Mean as an indicator of central tendency is used when the shape of the graph is symmetric which implies that out...

Read More

#### MIS771 Descriptive Statistics And Visualisation

Download : 0 | Pages : 8
• Course Code: MIS771
• University: Deakin Business School
• Country: Australia

Answer: Introduction: The “Aus Paper” is actually a subsidiary of the “Pinnon Paper Industries”. The Australian Company “Pinnon Paper Industries” possesses a long history in the local production. The industry is seen to produce paper only. The subsidiary sells products to two major industries including the two industries namely the newspaper and magazine industry. “Herald Sun” and “Australia...

Read More
Next

### Save Time & improve Grade

Just share requirement and get customized Solution.

Orders

Overall Rating

Experts

### Our Amazing Features

#### On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

#### Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

#### 24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

#### Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

#### Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

### Our Experts

5/5

1896 Order Completed

95% Response Time

### Herman Berens

#### London, United Kingdom

5/5

265 Order Completed

97% Response Time

### Ken Campbell

#### Wellington, New Zealand

5/5

1265 Order Completed

97% Response Time

### James Cook

#### Wellington, New Zealand

4/5

1309 Order Completed

100% Response Time

### FREE Tools

#### Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

#### Essay Typer

Get different kinds of essays typed in minutes with clicks.

#### GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

#### Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

#### Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

## Refer Just 5 Friends to Earn More than \$2000

1

1

1

### Live Review

Our Mission Client Satisfaction

very professional i got it before the due time i set, the sheet that was sent to me was very neat and very well done.

#### User Id: 551988 - 23 Nov 2020

Australia

Great work! Really appreciate the help and efficiency. Very well organized. Thank you for your help.

#### User Id: 522859 - 23 Nov 2020

Australia

given on time. well presented. and very helpful, trust these guys for all your work

#### User Id: 142836 - 23 Nov 2020

Australia

Satisfied with the work. Flexible with the timing and i got the assignment before the due date and had some time to re-check and make changes. Overall Good job and easy to communicate.

Australia