Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. simple hypothesis test please be clear with algori

simple hypothesis test please be clear with algorithm The United States and Japan often engage in intense...

70.2K

Verified Solution

Question

Basic Math

simple hypothesis test please be clear withalgorithm

The United States and Japan often engage in intense tradenegotiations. U.S. officials claim that Japanese manufacturersprice their goods higher in Japan than in the United States, ineffect subsidizing the low prices in the United States withextremely high prices in Japan. According to the U.S. argument,Japanese manufactures accomplish this by preventing U.S. good fromreaching the market.

An economist decides to test the hypothesis that higher retailprices are being charged for automobiles in Japan than in theUnited States. She obtains independent samples from 50 retail salesin the United States and 50 sales in Japan over the same time. Shefound the sample average of the U.S. sales to be 26,596 and thesample average of the Japanese sales to be 27,236. The standarddeviations were 1,981 and 1,974 respectively.

Using an alpha of 5%, conduct a hypothesis test.

Please solve clearly displaying the following:

What is the null hypothesis?

critical value?

What is the p-value?

declared alpha?

critical value?

Draw a conclusion?

Answer & Explanation Solved by verified expert
3.6 Ratings (296 Votes)
    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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

how to approach function ( range and domain etc) type easy moderate problem and show some...

Biology
1.2K views

What is the commercial importance of algae?

Physics
1.2K views

Intrinsic carrier density of Ge is 1.7x1019 /m3 . It is doped with a pentavalent impurity...

Physics
1.2K views

An green hoop with mass mh = 2.8 kg and radius Rh = 0.12 m hangs...

Physics
1.2K views

(i) Find the magnitude of magnetic field inside a long, ideal solenoid of length L, with...

Operations Management
1.2K views

list and explain the internal and external factors that an organization need to access for formation...

Geometry
1.2K views

In the diagram below draw the two limiting parallel lines to the given line I...

Basic Math
1.2K views

12 5 m fire truck ladder is leaning against a wall Find the distance d...

Algebra
1.2K views

Multiply the binomials and simplify x 11 x 11

Accounting
1.2K views

Dimsdale Sports, a merchandising company, reports the following balance sheet at December 31, $ 20,5...

Accounting
1.2K views

Which of the following is not a type of audit procedure that an auditor uses...

Finance
1.2K views

3-(38 points) You are a financial analyst for CloudSoft Corp. The company is considering three...