Pick something you are interested in and pretend you are not limited with money, time or access
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Question:
Pick something you are interested in and pretend you are not limited with money, time or access to research subjects. State the question and write your null and alternative hypothesis then describe how you would test your hypothesis.
Companies that make potato chips barely fill their bags. I researched and found that there should be 20 chips in a 1 ounce bag. Take a sample of 10 bags, count the number of chips in each, and then find the mean and standard deviation. My null hypothesis is that ? = 20 and my alternative hypothesis is ? < 20.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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