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Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267
Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267 Mean 16148.267
Read, understand and solve each item carefully. Show your complete solution on the answer sheet column.
Direction: Solve each problem showing all the necessary steps and computations.
1. Given are the capital shares of 12 randomly chosen member accounts of a certain cooperative.
Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750,
2. 17800, 15000, 22100, 10210 Given are the capital shares of 12 randomly chosen member
accounts of a certain cooperative.
Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750,
17800, 15000, 22100, 10210
Can it be claimed that the average capital share of the members is significantly different from
16,000? Use a 1% level of significance and follow the necessary steps below: (10 points)
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
3. A sample of 800 items produced on a new machine showed that 48 of them are defective. The
factory will get rid the machine if the data indicates that the proportion of defective items is
significantly more than 5%. At a significance level of 5%, is there enough evidence to get rid of
the machine? The following steps should be indicated in your answer: (10 points)
iv. Computation: Paste here the solution you made using Excel; or write your manual
computation.
The machine should be replaced, based on the data collected, because the
The percentage of defective items appears to be substantially more than 5%.
Can it be claimed that the average capital share of the members is significantly different from
16,000? Use a 1% level of significance and follow the necessary steps below: (10 points)
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
4. A sample of 800 items produced on a new machine showed that 48 of them are defective. The
factory will get rid the machine if the data indicates that the proportion of defective items is
significantly more than 5%. At a significance level of 5%, is there enough evidence to get rid of
the machine? The following steps should be indicated in your answer: (10 points)
vi. Computation: Paste here the solution you made using Excel; or write your
manual computation.