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A Shoe Company Designed a Low-Top and High-Top Version of a Particular

question 69

Essay

A shoe company designed a low-top and high-top version of a particular shoe. One of the shoe-making engineers claims that the low-top version does not last as long as the high-top version before wearing out. To test this claim, she takes a sample of 36 low-top and 64 high-top wearers and asks each the length of time before their shoes wore out. She finds that the low-tops wore out in an average of 140 days, and the high-tops wore out in an average of 150 days. Suppose the population standard deviation for both is 20 days.
A) Specify the competing hypotheses to determine whether high-tops last longer than low-tops for this particular shoe.
B) Calculate the value of the relevant test statistic.
C) Compute the p-value. Does the evidence support the commentator's claim at the 1% significance level?


Definitions:

Fiscal Period

A specific duration of time used for financial reporting and budgeting purposes, typically a year, quarter, or month.

Working Papers

Documents that serve as preliminary reports or studies, often used in academic or professional research to share ideas and findings before formal publication.

Audit Documents

Papers and records reviewed during an audit to assess the accuracy and compliance of financial statements and practices.

Engagement Letter

A written agreement that outlines the scope of work, terms, and responsibilities between a professional service provider and their client.

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