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6 5 points Exercise 10-39 (Algo) (LO10-6) Watch Corporation of Switzerland claims that its watches on average will neither gain nor lose time during a
6 5 points Exercise 10-39 (Algo) (LO10-6) Watch Corporation of Switzerland claims that its watches on average will neither gain nor lose time during a week. A sample of 18 watches provided the following gains (+) or losses (-) in seconds per week. Click here for the Excel Data File elook ASK References -0.15 -0.16 -0.31 -0.48 -0.20 -0.44 -0.17 -0.51 +0.26 -0.19 +0.30 +0.43 -0.10 -0.67 -0.05 -0.24 -0.51 +0.05 a. State the null hypothesis and the alternate hypothesis. HOU Htp 5 points b. State the decision rule for 0.05 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) At a level of 0.05 significance, we ject Hou 2.500 or 2.500 Ask Boferences c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Vitus of the test statistic d. Is it reasonable to conclude that the mean gain or loss in time for the watches is 0? Use the 0.05 significance level. Ho, I reasonable to conclude that the mean gain or loss in time for he watches is o nts eBook) Ask eferences e. Estimate the p-value. The p-value a
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