Children in the united states account directly for $36 billion in

Question 9.48

Children in the United States account directly for

$36 billion in sales annually. When their indirect influence

over product decisions from stereos to vacations is considered,

the total economic spending affected by children in the

United States is $290 billion. It is estimated that by age 10.

a child makes an average of more than five trips a week to a

store (data extracted from M. E. Goldberg, G. 1. Gorn, L. A.

Peracchio, and G. Bamossy, “Understanding Materialism

Among Youth,” Journal of ConSlimer Psychology, 2003.

13(3), pp. 278-288). Suppose that you want to prove that

children in your city average more than five trips a week to

a store. Let fL represent the population mean number of

times children in your city make trips to a store.

a. State the null and alternative hypotheses.

b. Explain the meaning of the Type I and Type II errors in

the context of this scenario.

c. Suppose that you carry out a similar study in the city in

which you live. You take a sample of ) 00 children and find that the mean number of trips to the store is 5.47 and the sample SD of the number of trips to store is 1.6. At the 0.01 level of significance, is there evidence that the population mean number of trips to the store is greater than 5 per week?

 

d) Interpret the meaning of the p- value in (c )

 

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

101papers.com is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.

Money-Back Guarantee

101papers.com provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.

Read more

Zero-Plagiarism Guarantee

While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.

Read more

Free Revision Policy

In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.

Read more

Privacy Policy

At 101papers.com, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.

Read more

Fair-Cooperation Guarantee

Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency