Question: 2. An engineer wants to know if the average amount of energy used in his factory per day has changed since last year. The

2. An engineer wants to know if the average amount of energy 

2. An engineer wants to know if the average amount of energy used in his factory per day has changed since last year. The factory used an average of 2,000 megawatt hours (mwh) per day prior to last year. Since last year, the engineer surveyed 400 days and found the average energy use was 2,040 mwh per day. Assume that the population standard deviation is 425 mwh per day. a. Specify the null and alternative hypotheses to determine whether the factory's energy use has changed. b. Calculate the value of the test statistic and the p-value. c. At the 5% significance level, can you conclude that the energy usage has changed? Explain.

Step by Step Solution

3.50 Rating (140 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

solution Given that x 2040 n 400 425 a hypotheses formul... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!