Assume That a Simple Random Sample Has Been Selected from a Normally

question 59

Essay

Assume that a simple random sample has been selected from a normally distributed population and test the given claim. Use either the traditional method or P-value method as indicated.
Identify the null and alternative hypotheses, test statistic, critical value(s)or P-value (or range of P-values)as appropriate, and state the final conclusion that addresses the original claim.
A cereal company claims that the mean weight of the cereal in its packets is 14 oz. The weights (in ounces)of the cereal in a random sample of 8 of its cereal packets are listed below. $\begin{array} { l l l l l l l l } 14.6 & 13.8 & 14.1 & 13.7 & 14.0 & 14.4 & 13.6 & 14.2\end{array}$ Test the claim at the 0.01 significance level.

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Definitions:

Good Deal

A situation or agreement in which a person or party receives great value or advantage, often in terms of quality, price, or terms of sale.

New Boat

A term referring to a newly manufactured or newly acquired boat, fresh from production or purchase.

Weak Closing Statements

Inadequate or ineffective statements made at the end of a presentation or sales pitch, failing to strongly persuade or encourage a decision.

Successful Sales Call

A sales interaction that achieves its intended outcomes, such as progressing a sale, creating a positive relationship, or closing a deal.