Consider a situation where the Federal Trade Commission (FTC) conducts statistical studies to test claims companies...

 

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Consider a situation where the Federal Trade Commission (FTC) conducts statistical studies to test claims companies make about their products. The label on a bottle of Coke states that the bottle contains 16 fluid ounces. The FTC knows that Coke's filling process has some variability and requires that the population mean is at least 16 fluid ounces. The population standard deviation is known to be 2 fluid ounces. The FTC wants to prove that the bottles are being underfilled. Suppose a random sample of 64 bottles is selected and the sample mean of 15.5400 ounces is calculated as an estimate of the population mean and a level of significance of 0.02 will be used for the hypothesis test. What is the p-value for the hypothesis test? Enter your answer with 4 digits to the right of the decimal point in the box shown below. Consider a situation where the Federal Trade Commission (FTC) conducts statistical studies to test claims companies make about their products. The label on a bottle of Coke states that the bottle contains 16 fluid ounces. The FTC knows that Coke's filling process has some variability and requires that the population mean is at least 16 fluid ounces. The population standard deviation is known to be 2 fluid ounces. The FTC wants to prove that the bottles are being underfilled. Suppose a random sample of 64 bottles is selected and the sample mean of 15.5400 ounces is calculated as an estimate of the population mean and a level of significance of 0.02 will be used for the hypothesis test. What is the p-value for the hypothesis test? Enter your answer with 4 digits to the right of the decimal point in the box shown below.

Answer rating: 100% (QA)

Solution Fiven dala M 16 ounces Null hype hesis Hi M16 ounces ... View the full answer