Watch Corporation of Switzerland asserts that their watches are on
The average person will never gain or lose time over a single week. Below is an example of
18 watches provided the following gains (+) or losses (−) in
seconds per week. Picture Click here for the Excel Data File −0.16
−0.15 −0.20 −0.17 +0.26 −0.19 +0.30 +0.43 −0.10 −0.31 −0.48 −0.44
−0.51 −0.67 −0.05 −0.24 −0.51 +0.05
Declare the null hypothesis, and alternate hypotheses.
Indicate the decision rule at 0.05 significance. (Negative
A minus sign should indicate amounts. Round up your answers
3 decimal places.)
Determine the statistical value. Negative amounts should be avoided
plus sign. Round up your answer to the nearest 3 decimal places
Does it make sense to say that time is the average gain or loss?
The watch’s digit is 0. You can use the significance level of 0.05.
Calculate the p value.
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