Question
17. Gnagey's Gnot Bad Investment Inc . develops a new crypto-backed security, that leverages multiple cryptocurrencies to generate a monthly income investmentplan that promises a
17.
Gnagey's Gnot Bad Investment Inc. develops a new crypto-backed security, that leverages multiple cryptocurrencies to generate a monthly income investmentplan that promises a variable return each month.
Utah's Pension Plan is considering purchasing this investment plan for their public employees, but only if it is assured the plan averages at least $180 monthly income. The Pension Plan collects data for a hypothesis test at the 0.05 significance level and finds out for a random sample of 50 months, the scheme had investment returns with an average value of $190. The population standard is assumed to be known at $75.
What is the test statistic for the hypothesis test?
(Round to two decimal places e.g. 7.46)
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