Question

Bjork Larsen was trying to decide whether to use a new racing wax for cross-country skis....

Bjork Larsen was trying to decide whether to use a new racing wax for cross-country skis. He decided that the wax would be worth the price if he could average less than 55 seconds on a course he knew well, so he planned to study the wax by racing on the course 8 times. His 8 race times were 56.3, 65.9, 50.5, 52.4, 46.5,57.8, 52.2, and 43.2 seconds. Should he buy the wax? Explain by preforming an appropriate hypothesis test.

Homework Answers

Answer #1

n = 8

sample mean =

standard deviation = S = 7.03

claim : The wax would be worth the price if he could average less than 55 seconds on a course.

Null and alternative hypothesis is

Level of significance = 0.05

Here population standard deviation is not known so we use t-test statistic.

Test statistic is

 

Degrees of freedom = n - 1 = 8-1=7

P-value = 0.2348 ( using t table)

P-value , Failed to Reject H0

conclusion : There is insufficient evidence to support the claim that the wax would be worth the price if he could average less than 55 seconds on a course.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. A company is developing a new high performance wax for cross country ski racing. In...
1. A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing​ wants, the wax needs to be very fast.​ Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test​ it, the champion will ski the course 8 times. The​ champion's times​ (selected at​ random) are 56.3, 64.4, 48.9, 50.4, 49.8, 47.1, 52.4, and 42.7 seconds to...
A company is developing a new high performance wax for cross country ski racing. In order...
A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing​ wants, the wax needs to be very fast.​ Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test​ it, the champion will ski the course 8 times. The​ champion's times​ (selected at​ random) are 55.4​, 64.6​, 50.5​, 50.7​, 49.1​, 48.9​, 51.4​, and 44.5   seconds to complete the...
A company is developing a new high performance wax for cross country ski racing. In order...
A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing​ wants, the wax needs to be very fast.​ Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test​ it, the champion will ski the course 8 times. The​ champion's times​ (selected at​ random) are 55.5, 60.9, 50.7, 51.8, 48.2​, 47.8​, 54.1​, and 41.6 seconds to complete...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT