STA 205 Study Guide - Final Guide: Financial Analyst, Dietitian, Test Statistic
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Write your answers to the following questions on a separate sheet of paper to be turned into your lab instructor. Please work through the questions consecutively and clearly label your answers: as americans have become more environmentally conscious, there has been a social shift in general public"s feelings towards recycling. In recent years, a number of companies have gone into the business of collecting used newspapers from households and recycling them. A financial analyst for one such company has recently determined that the firm would make a profit if the mean weekly newspaper collection from households exceeded 2 pounds: write the appropriate null and alternative hypotheses to be tested. You must use correct notation: for each type of alternative hypothesis, determine the appropriate probability from the statcrunch output (the value reported in the t-stat column is the test statistic for the data collected).
