Marathon Runners a Researcher Wants to Study the Average Miles

question 143

Essay

Marathon Runners A researcher wants to study the average miles run per day for marathon runners. In testing the hypotheses: H ₀: m = 25 miles vs. H ₁: m ¹ 25 miles, a random sample of 36 marathon runners drawn from a normal population whose standard deviation is 10, produced a mean of 22.8 miles weekly. {Marathon Runners Narrative} Compute the p -value.

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Definitions:

Premium

The amount by which the price of a financial instrument or insurance policy exceeds its face value or the cost above the normal price.

Modified Duration

A measure indicating the sensitivity of a bond's price to changes in interest rates, estimating the percentage price change for a parallel shift in yield curves.

Yield

The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost.