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Golf Course Designer Roberto Langabeer Is Evaluating Two Sites, Palmetto $\sigma$

question 24

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Golf course designer Roberto Langabeer is evaluating two sites, Palmetto Dunes and Ocean Greens, for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis. The market researcher used a random sample of 64 individuals from each suburb, and reported the following: $Golf course designer Roberto Langabeer is evaluating two sites, Palmetto Dunes and Ocean Greens, for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis. The market researcher used a random sample of 64 individuals from each suburb, and reported the following: 1 = 15 times per month and 2 = 14 times per month. Assume that \sigma 1 = 2 and \sigma 2 = 3. With \alpha =.01, the appropriate decision is ___. A) reject the null hypothesis \sigma 12 < \sigma 22 B) accept the alternate hypothesis \mu 1 - \mu 2 > 0 C) reject the alternate hypothesis n1 = n2 = 64 D) fail to reject the null hypothesis \mu 1 - \mu 2 > 0 E) do nothing$ ₁ = 15 times per month and $Golf course designer Roberto Langabeer is evaluating two sites, Palmetto Dunes and Ocean Greens, for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis. The market researcher used a random sample of 64 individuals from each suburb, and reported the following: 1 = 15 times per month and 2 = 14 times per month. Assume that \sigma 1 = 2 and \sigma 2 = 3. With \alpha =.01, the appropriate decision is ___. A) reject the null hypothesis \sigma 12 < \sigma 22 B) accept the alternate hypothesis \mu 1 - \mu 2 > 0 C) reject the alternate hypothesis n1 = n2 = 64 D) fail to reject the null hypothesis \mu 1 - \mu 2 > 0 E) do nothing$
₂ = 14 times per month. Assume that $\sigma$ ₁ = 2 and $\sigma$ ₂ = 3. With $\alpha$ =.01, the appropriate decision is ___.

Definitions:

Risk-free Return

The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government securities.

Standard Deviation

Represents how spread out the numbers in a data set are.

Variable Life Insurance

A type of life insurance where the policyholder can allocate a portion of premium dollars to a separate account comprised of various investment funds.

Universal Life Policies

A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Golf Course Designer Roberto Langabeer Is Evaluating Two Sites, Palmetto σ\sigmaσ

Definitions:

Golf Course Designer Roberto Langabeer Is Evaluating Two Sites, Palmetto $\sigma$