Assignment: Hypothesis Testing 1

Assignment: Hypothesis Testing 1 ORDER NOW FOR CUSTOMIZED AND ORIGINAL ESSAY PAPERS ON Assignment: Hypothesis Testing 1 See Attached below for instructions on completing this assignment. The assignment needs to be completed within 1 day time frame. Assignment: Hypothesis Testing 1 In 2010, Playbill Magazine , a regionally based magazine, consulted Boos Allen to determine the mean annual household income of its readers. Using a list of customers provided by Playbill, Boos Allen randomly sampled 300 Playbill customers. From that sample, Boos Allen is confident that the average Playbill reader’s household income is $119,155, with a population sample household income standard deviation of $30,000. Recently, two Playbill executives suggested that the mean average household income for Playbill readers has increased, and the magazine price should be raised. As new marketing manager for Playbill , you convince the chief operating officer to complete a second survey with Boos Allen to confirm that assertion. Yesterday, the new Boos Allen report appeared on your desk. From a new sample of Playbill customers, taken from a list of recent customers you e-mailed to Boos Allen, the 2012 Playbill customer profile shows a mean annual household income of $124,450, with a population standard deviation of household income unchanged at $30,000. You realize that you have enough data to perform a one-sample hypothesis test. In order to choose the correct statistical tool to complete this assessment, consider the following questions: What do you know about the population being studied? (For example, do you know the standard deviation of the overall population?) What do you know about the population sample you chose? (For example, which sample statistical parameters do you have, such as mean, standard deviation, variance, and so on?) DIRECTIONS Solve the following equations, based on the data from the Hypothesis Tester – Single Sample file. Demonstrate your method and display your results in table format, using Excel or another appropriate computer application. Identify the null hypothesis, via both a written explanation and a math equation. Determine the alternative hypothesis, via both a written explanation and a math equation. Solve the equation to determine whether to accept or reject the null hypothesis. Determine whether the p-value indicates acceptance or rejection of the null. Use alpha = .05. Next, address the following in a report to the executives: Write a three-sentence paragraph that details your recommendations for a course of action, based on your results. Report the rejection or acceptance of the null, in terms of the scenario results. Explain why you can be statistically confident that the mean household Playbill reader’s income has increased, decreased, or remained the same. State whether you would propose that the cost of the magazine be raised. Describe what would happen if alpha was .01. ADDITIONAL REQUIREMENTS Compile your work and report in a 1–2 page Microsoft Word file: Paste in the tables you used to make your calculations. Clearly title your tables, including each row and column. Highlight the results of your data calculations within each table. instructions_to_complete_the_assignment.docx hypothesis_tester_single_sampl Get a 10 % discount on an order above $ 100 Use the following coupon code : NURSING10

Struggling to find relevant content? Order a custom essay on
Assignment: Hypothesis Testing 1
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Technology
Excellent job on the paper!
Customer 452885, December 28th, 2022
Nursing
Thank you for a great paper.
Customer 452707, August 6th, 2022
Other
Great job
Customer 452813, July 27th, 2023
Nursing
Great paper!
Customer 452707, January 14th, 2024
Marketing
Thanks so much for your service and as always. I’ll get back with you soon!
Customer 452909, March 29th, 2024
Human Resources Management (HRM)
Excellent
Customer 452813, December 30th, 2023
Nursing
I appreciate all the hard work. Thank you!
Customer 452525, August 13th, 2021
Nursing
Thank you so much for being the best website for assignment help.
Customer 452635, June 24th, 2022
Other
great
Customer 452813, June 25th, 2022
Nursing
Writer did an excellent job! Thank you.
Customer 452693, January 14th, 2022
Other
great
Customer 452813, July 5th, 2022
Psychology
Thank you so very much!!!
Customer 452517, May 11th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information