Weight Loss
a New Diet Program Claims That Clients Will

question 124

Essay

Weight loss
A new diet program claims that clients will lose weight after 7 days on the program.To validate their claim,they recorded the starting and ending weight of 11 individuals over a 7-day period.The results are shown in the following table.
$$\begin{array} { | c | c | } \hline \text { Starting Waight } & \text { Ending Weight } \\\hline 221 & 218 \\\hline 215 & 210 \\\hline 206 & 204 \\\hline 236 & 241 \\\hline 214 & 212 \\\hline 256 & 250 \\\hline 240 & 245 \\\hline 222 & 218 \\\hline 239 & 230 \\\hline 218 & 215 \\\hline 229 & 220 \\\hline\end{array}$$
-Use $\alpha$ = 0.05.State your conclusions.

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Definitions:

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.

Balance Sheet

A list of the assets, liabilities, and owner’s equity as of a specific date, usually at the close of the last day of a month or a year.

Cash Realizable Value

The net amount of cash expected to be received from accounts receivable and other assets, taking into account any allowances for doubtful accounts.

Note Receivable

A financial document representing a borrower's promise to pay back a specified amount of money plus interest to a lender at a future date.