Consider the following sample of seven bad debt ratios: 7% 4% 6% 7% 5% 4% 9% Use
Question:
7% 4% 6% 7% 5% 4% 9%
Use this sample and the following MINITAB output to test the null hypothesis that the median bad debt ratio equals 3.5 percent versus the alternative hypothesis that the median bad debt ratio exceeds 3.5 percent by setting α equal to .05.
Transcribed Image Text:
Sign test of median3.500 versus3.500 N Below Equal Above P Median 6.000 Ratio 7 7 0.0078
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Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
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