Presentation is loading. Please wait.

Presentation is loading. Please wait.

Monthly utility bills factor into local cost of living measures

Similar presentations


Presentation on theme: "Monthly utility bills factor into local cost of living measures"— Presentation transcript:

1 Hypothesis test about µ: small sample, σ unknown, normal population— t-test (Ch. 10-4b)
Monthly utility bills factor into local cost of living measures. A group of economists is updating the cost of living index for Delaware. The group believes the mean utility bill has changed over the past year. During the winter of , assume the average monthly utility bill in Delaware was $186. A random sample of 25 residents was selected in the winter of and the average bill was found to be $177.55, with a sample standard deviation of $ [Assume a normal distribution.] Test, with 95% confidence, the group’s claim about utility bills.

2 χ2 confidence interval estimation and test of hypothesis— one variance (Ch. 10-8a & b)

3 z statistic confidence interval estimation and test of hypothesis—two populations, large samples, σ known, normal population—(Ch. 11-1)


Download ppt "Monthly utility bills factor into local cost of living measures"

Similar presentations


Ads by Google