The Next Questions Are Based on the Following Information

question 160

Essay

The Next Questions Are Based On The Following Information:
A company selling new econometrics computer software advertises that firms using this software obtain,on average during the first year,a yield of at least 10% on their initial investments.A random sample of 10 of the franchises that used the software produced the following yields for the first year of operation: 9.4,11.1,10.4,10.5,11.2,8.2,8.5,4.0,8.8,and 6.1.Assume that population yields are normally distributed.
-On the basis of a random sample the null hypothesis: H₀ : μ ≤ μ₀ is tested against the alternative: H₁ : μ > μ₀ and the null hypothesis is not rejected at the 10% significance level.Does this necessarily imply that μ₀ is contained in the 90% confidence interval for μ?

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Definitions:

Personal Ethics

The set of formal or informal ethical principles that an individual uses to guide their ethical decisions.

Societal Ethics

Principles and standards that guide behavior within society, reflecting beliefs about what is acceptable or unacceptable, right or wrong.

Consumer Buying Patterns

The purchasing habits of individuals or groups, often analyzed for marketing and business strategy.

Data Mining

The process of extracting useful patterns or knowledge from large sets of data, using techniques from statistics, machine learning, and database management.