Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. duke energy reported that the cost of electricity

Duke Energy reported that the cost of electricity for an efficient home in a particular neighborhood...

60.1K

Verified Solution

Question

Statistics

Duke Energy reported that the cost of electricity for anefficient home in a particular neighborhood of Cincinnati, Ohio was$107 per month. A researcher believes that the cost of electricityfor a comparable neighborhood in Chicago, Illinois is higher. Asample of homes in this Chicago neighborhood will be taken and thesample mean monthly cost of electricity will be used to test thefollowing null and alternative hypotheses. H0: μ ≤ 107 Ha: μ >107 a. Assume the sample data lead to rejection of the nullhypothesis. What would be your conclusion about the cost ofelectricity in the Chicago neighborhood? b. What is the Type Ierror in this situation? The Type I error is H0 when it is . Whatare the consequences of making this error? c. What is the Type IIerror in this situation? The Type II error is H0 when it is . Whatare the consequences of making this error

Answer & Explanation Solved by verified expert
3.9 Ratings (399 Votes)
Hoi u 107 Given to is selected we concludedthat there is enough evidence that mean electricity    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

10 Given to the right is the graph of f t Additionally let the function...

Calculus
Q

A project has an initial requirement of $195,422 for new equipment and $14,626 for net working...

Finance
Q

Convert the follow system of equations to standard form and solve using Simplex method to find...

Advance Math
Q

Use the following information to compute Fixed costs, Depreciation, and Operating Cash Flow: Price per unit                                      71.00 Variable cost per unit                           52.75 Cash...

Finance
Q

When a patient has Disorder the patient behaves in socially inappropriate ways that may include...

Biology
Q

Solve the triangle a 4 b 5 c 3 A 53 1 Round to one...

Basic Math
Q

A machinist is required to manufacture a circular metal disk with area 1200 cm a...

Calculus
Q

Solve the following system of equations.Enter your answer as an ordered pair (x, y).Provide your...

Algebra
Q

on january 1, 2020, abbey acquires 90 percent of benjamin's outstanding shares. financial information for...

Accounting
Q

Question 19 5 The first step in the managerial decision making process is Identify the...

Accounting
Q

American Optical Corporation provides a variety of share-based compensation plans to its employees. Under its...

Accounting
Q

The treasurer of Riley Coal Co. is asked to compute the cost of fixed income...

Finance