88) Lost Coast Forest Products produces small bundles of wood to sell at campgrounds. The bundles...
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88) Lost Coast Forest Products produces small bundles of wood to sell at campgrounds. The bundles of wood are labeled as containing 18 pounds. However, due to the small number of pieces of firewood they contain, the actual weight in each bundle varies a bit. Suppose that a random sample of 40 such bundles is obtained and produces a mean of 17.3 pounds with a standard deviation of 2.4308 pounds. a) Perform a hypothesis test, at the 5% significance level, to see if the true average for such bundles is different than the 18 pounds on the label. b) Comment on the requirements of the test. 88) Lost Coast Forest Products produces small bundles of wood to sell at campgrounds. The bundles of wood are labeled as containing 18 pounds. However, due to the small number of pieces of firewood they contain, the actual weight in each bundle varies a bit. Suppose that a random sample of 40 such bundles is obtained and produces a mean of 17.3 pounds with a standard deviation of 2.4308 pounds. a) Perform a hypothesis test, at the 5% significance level, to see if the true average for such bundles is different than the 18 pounds on the label. b) Comment on the requirements of the test.
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