Suppose That 10 Observations Are Drawn from a Normal Population

question 14

Essay

Suppose that 10 observations are drawn from a normal population whose variance is 64.The observations are: 58,62,45,50,59,65,39,40,41,and 52.Test at the 10% level of significance to determine if there is enough evidence to conclude that the population mean is greater than 45.

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Definitions:

Buyer Behaviour

The actions and decision processes of individuals or organizations in selecting, purchasing, using, and disposing of products and services.

Exchange Process

The act of giving one thing and receiving another, especially of a similar type, in the context of business, social, or interpersonal interactions.

Consumer Behaviour

The analysis of the ways in which individuals, collectives, or organizations pick, purchase, apply, and dispose of goods, services, experiences, or notions to satisfy requirements, and the consequences these ways have on consumers and the social environment.

Process

A series of actions or steps taken in order to achieve a particular end.