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1. As per the Wall Street Journal, a credit card company states that account
holders use their card an average of 8.4 times per month, with a standard
deviation of 2.6 times per month. We take a sample of 38 account holders
and find a sample mean of 9.7 times per month. Test the claim that the
mean number has increased from 8.4 times per month. Let α = .05. Don’t
forget your context statement!
1
2. Test statistic
23.5 − 24.8
Z∗ = 3.2 ,
√
44
−1.3
= = −2.69
0.4824
1−α = 0.99,
1−α 0.99
= = 0.4950
2 2
Z = 2.57,
σ
x̄ ± Z α2 √ ,
n
0.22
13.36 ± (2.57) √ ,
31
13.36 ± (2.57)(0.0395),
13.36 ± 0.10,
13.26 < µ < 13.46
2
b. Find a 97% confidence interval for µ.
1−α = 0.97,
1−α 0.97
= = 0.4850,
2 2
Z = 2.17,
0.22
13.36 ± (2.17) √ ,
31
13.36 ± (2.17)(0.0395),
13.36 ± 0.09,
13.27 < µ < 13.45
1. H0 : µ = 38 vs. H1 : µ 6= 38
2. Test Statistic:
27.8 − 38
Z∗ = 9.0 ,
√
43
−10.2
= = −7.43
1.3725
3. We have 6= in H1 and α = .02. Then we have:
α 0.02
0.5 − = 0.5 − ,
2 2
= 0.5 − 0.01 = 0.4900,
Z = 2.33.
If Z ∗ > 2.33 or Z ∗ < −2.33, then we reject H0 .
4. We reject H0 . The mean has changed from 38.