Question

A game company offers two plan to its players. At the time new players sign up,...

A game company offers two plan to its players. At the time new players sign up, they askes to provide some demographic information. The mean yearly income for a sample of 40 subscribers to plan A is $ 57,000 with standard devaition $9,200. For a sample of 30 subscribers to plan B, the mean income is $ 61,000 with a standard deviation is $7,200.

a.State the null and alternate hypothesis to conclude that the mean income of those selecting plan B is larger.

b.What is the critical value for 0.10 significance level

c.What is the value of sample

d.What is the decision and why ?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A cell phone company offers two plans to its subscribers. At the time new subscribers sign...
A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 38 subscribers to Plan A is $45,000 with a standard deviation of $9,200. For a sample of 26 subscribers to Plan B, the mean income is $49,500 with a standard deviation of $7,100. At the 0.100 significance level, is it reasonable to conclude the mean income of...
A cell phone company offers two plans to its subscribers. At the time new subscribers sign...
A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 42 subscribers to Plan A is $55,500 with a standard deviation of $8,500. This distribution is positively skewed; the coefficient of skewness is not larger. For a sample of 40 subscribers to Plan B, the mean income is $56,800 with a standard deviation of $8,700. At the...
A cell phone company offers two plans to its subscribers. At the time new subscribers sign...
A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 38 subscribers to Plan A is $58,500 with a standard deviation of $8,000. This distribution is positively skewed; the coefficient of skewness is not larger. For a sample of 42 subscribers to Plan B, the mean income is $59,100 with a standard deviation of $9,500. At the...
Exercise 11-25 (LO11-2) A cell phone company offers two plans to its subscribers. At the time...
Exercise 11-25 (LO11-2) A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 40 subscribers to Plan A is $45,000 with a standard deviation of $9,200. For a sample of 25 subscribers to Plan B, the mean income is $64,300 with a standard deviation of $7,100. At the 0.025 significance level, is it reasonable to conclude the...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT