subject
Business, 19.12.2019 23:31 LearningZone

The article "uncertainty estimation in railway track life-cycle cost"† presented the following data on time to repair (min) a rail break in the high rail on a curved track of a certain railway line.

159 120 480 149 270 547 340 43 228 202 240 218

a normal probability plot of the data shows a reasonably linear pattern, so it is plausible that the population distribution of repair time is at least approximately normal. the sample mean and standard deviation are 249.7 and 145.1, respectively.

(a) is there compelling evidence for concluding that true average repair time exceeds 200 min? carry out a test of hypotheses using a significance level of 0.05.
state the appropriate hypotheses.

h0: μ > 200
ha: μ = 200h0: μ = 200
ha: μ < 200 h0: μ = 200
ha: μ > 200h0: μ < 200
ha: μ = 200h0: μ = 200
ha: μ ≠ 200

calculate the test statistic and determine the p-value. (round your test statistic to two decimal places and your p-value to four decimal places.)

t =
p-value =

what can you conclude?

there is compelling evidence that the true average repair time exceeds 200 min. there is not compelling evidence that the true average repair time exceeds 200 min.

(b) using

σ = 150,

what is the type ii error probability of the test used in (a) when true average repair time is actually 300 min? that is, what is β(300)? (round your answer to two decimal places.)
β(300) =

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
question
Business, 22.06.2019 17:30
Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting
Answers: 2
question
Business, 22.06.2019 23:30
Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
question
Business, 23.06.2019 01:50
The de mesa family will soon be occupying their newly renovated house. however, the bathroom measuring 10ft. by 16 ft. still needs to be covered by tiles. if the tile that they desire measures 2/5 ft by 2/5 ft., how many tiles will they need to cover the bathroom floor?
Answers: 3
You know the right answer?
The article "uncertainty estimation in railway track life-cycle cost"† presented the following data...
Questions
question
Mathematics, 14.11.2020 01:00
question
Social Studies, 14.11.2020 01:00
question
Geography, 14.11.2020 01:00
question
Spanish, 14.11.2020 01:00
question
Mathematics, 14.11.2020 01:00
Questions on the website: 13722361