Res 342 Test

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List of RES342 Final Exam Questions. Online Business Degree University of Phoenix Study Guide. 1. What are the critical z-values for a two-tailed hypothesis test if the significant level = 0.01? B. ± 1.65 2. A statistician was setting up a hypothesis test with a level of significance dictated by upper management. However, she was concerned that the test she wished to perform might have unacceptable large possibilities of Type II error, ß. Which of the following would solve this problem? C. Convince upper management to use a larger sample. 3. K & S Construction, located in Phoenix, Arizona, is working on its business plan for the upcoming year. They did a study to determine if they should focus on building condominiums or individual houses D. Fail to reject it 4. Doi Winery has two wine shops in the neighboring towns of Seamen and Batavia. The favorite wine, as advertised, is Raspberry wine. A survey of 300 customers at the Seamen store revealed that 225 individuals preferred the Raspberry wine while 290 out of 400 in Batavia preferred the same flavor. To test the hypothesis that there was no difference in preferences in the two towns, what is the alternate hypothesis? C. µ1 ≠ µ2 5. A machine is set to fill the small size packages of Good and Better candies are packaged with 60 pieces of candies in each bag. Sampling results revealed: 3 bags of 61, 2 bags of 59, 1 bag of 58, and 2 bags of 62. How many degrees of freedom are there? B. 7 6. Thomas Delivery has a fleet of 24 trucks that are utilized for the companies; business. Electro-Lite, a manufacturer of spark plugs, claims that its spark plugs have an average life in excess of 25,000 miles C. Electro-Lite claims are supported; the spark plugs do exceed the mean of 25,000 miles. 7. You are conducting a two-tailed test of means but your software package only calculates a one-tailed p-value equal

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