{"id":32753,"date":"2022-02-14T07:41:30","date_gmt":"2022-02-14T07:41:30","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/hypothesis-testing-mathematics-homework-help\/"},"modified":"2022-02-14T07:41:30","modified_gmt":"2022-02-14T07:41:30","slug":"hypothesis-testing-mathematics-homework-help","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/hypothesis-testing-mathematics-homework-help\/","title":{"rendered":"Hypothesis testing | Mathematics homework help"},"content":{"rendered":"<div>\n<p><span>Attached is a multiple choice worksheet on hypothesis testing<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>PROBLEM 1<\/span><\/p>\n<p><span>In India, both average clearing time and the variance of clearing times are large (\u201cclearing time\u201d<\/span><\/p>\n<p><span>is time for funds to be transferred when a payment is authorized). You are a consultant who<\/span><\/p>\n<p><span>has been hired by India to improve efficiency of the banking system by reducing both the<\/span><\/p>\n<p><span>average and the variance. You install new hardware and software, and reorganize work flows.<\/span><\/p>\n<p><span>Before your reforms, mean clearing time between any pair of large or medium-sized cities was<\/span><\/p>\n<p><span>3.9 days, and the population standard deviation of check-clearing times was 1.5 days. (These<\/span><\/p>\n<p><span>values were known.)<\/span><\/p>\n<p><span>Now you want to demonstrate the impact of your reforms on average clearing time. You take a<\/span><\/p>\n<p><span>random sample of 41 clearing times since your reforms were implemented. In this sample, the<\/span><\/p>\n<p><span>mean clearing time is 3.5 days, and the sample standard deviation of clearing times is 1.1 days.<\/span><\/p>\n<p><span>A normal plot indicates that clearing times are approximately normally distributed.<\/span><\/p>\n<p><span>CQ1. Which are the appropriate null and alternative hypotheses?<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Attached is a multiple choice worksheet on hypothesis testing \u00a0 PROBLEM 1 In India, both average clearing time and the variance of clearing times are large (\u201cclearing time\u201d is time for funds to be transferred when a payment is authorized). You are a consultant who has been hired by India to improve efficiency of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-32753","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=32753"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32753\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=32753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=32753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=32753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}