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    Fernando - Hypothesis Testing Part 1

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    Clent Aycel Fernando
    The document contains statistical data on shared capital for 15 members. It includes measures of central tendency, dispersion, position and distribution. Hypothesis testing was conducted to determine if the average capital share is equal to $16,000 or not, and if the proportion of defective items is significantly more than 5% or not. For both tests, the null hypothesis was not rejected, indicating the average capital share is not significantly different than $16,000 and the proportion of defective items is not significantly more than 5%.

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    Fernando - Hypothesis Testing Part 1

    Uploaded by

    Clent Aycel Fernando
    28 views5 pages
    The document contains statistical data on shared capital for 15 members. It includes measures of central tendency, dispersion, position and distribution. Hypothesis testing was conducted to determine if the average capital share is equal to $16,000 or not, and if the proportion of defective items is significantly more than 5% or not. For both tests, the null hypothesis was not rejected, indicating the average capital share is not significantly different than $16,000 and the proportion of defective items is not significantly more than 5%.

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    The document contains statistical data on shared capital for 15 members. It includes measures of central tendency, dispersion, position and distribution. Hypothesis testing was conducted to determine if the average capital share is equal to $16,000 or not, and if the proportion of defective items is significantly more than 5% or not. For both tests, the null hypothesis was not rejected, indicating the average capital share is not significantly different than $16,000 and the proportion of defective items is not significantly more than 5%.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    28 views5 pages

    Fernando - Hypothesis Testing Part 1

    Uploaded by

    Clent Aycel Fernando
    The document contains statistical data on shared capital for 15 members. It includes measures of central tendency, dispersion, position and distribution. Hypothesis testing was conducted to determine if the average capital share is equal to $16,000 or not, and if the proportion of defective items is significantly more than 5% or not. For both tests, the null hypothesis was not rejected, indicating the average capital share is not significantly different than $16,000 and the proportion of defective items is not significantly more than 5%.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Shared Capital

    7500 Shared Capital


    12800
    9650 Mean 15814
    13000 Standard Error 1240.017588201
    25000 Median 15500
    15000 Mode 15000
    15500 Standard Deviation 4802.567468106
    17250 Sample Variance 23064654.28571
    18600 Kurtosis -0.28480208681
    21050 Skewness 0.12251363556
    16750 Range 17500
    17800 Minimum 7500
    15000 Maximum 25000
    22100 Sum 237210
    10210 Count 15

    Null Hypothesis (Ho): The average capital share is not equal to 16000
    Alternative Hypothesis (Ha): The average capital share is equal to 16000

    Sample size, n 15
    level of siginificance, alpha 0.01
    Sample mean 15814
    SD 4802.56746810644

    Test statistic t-test

    two-tailed (not equal)


    level of significance, alpha 0.01
    sample size, n 15
    tabulated t-value 2.977

    computed test statistics for mean

    n 15
    known mean, mu 16000
    Sample mean 15814
    SD 4802.56746810644
    computed test statistic -0.15
    z-computed or t-computed

    Decision rule: Reject Ho if tc < -2.977 or tc > 2.977, otherwise failed to reject Ho.

    Decision: Null hypothesis is not rejected


    conclusion: Since that Ho is not rejected the average capital share of the members is significantly different
    s is significantly different 16000.
    Hypothesis testing for single proportion

    Null Hypothesis (Ho): The proportion of defective items is significantly at most 5%


    Alternative Hypothesis (Ha): The proportion of defective items is significantly more than 5%.

    Sample size, n 800


    level of significance, alpha 0.05
    p-bar 0.06
    p_o 0.05
    q_o 0.95

    Test statistic Z-test

    right-tailed (>)
    level of significance, alpha 0.05

    tabulated z-value 1.645

    n 800
    known proportion, p_o 0.05
    q_o 0.95
    sample proportion, p-bar 0.06
    computed test statistic 1.2977714
    z-computed or t-computed

    Decision rule Reject Ho if Zc >1.645, otherwise failed to reject Ho.

    Decision Null Hypothesis is not rejected

    Conclusion Since the Ho is rejected the proportion of defective items is significantly at most 5%.
    ficantly at most 5%.

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