Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A random sample of 80 companies who announced corrections to their balance sheets took a mean time of 8.1 days for the time between balance
A random sample of 80 companies who announced corrections to their balance sheets took a mean time of 8.1 days for the time between balance sheet construction and the complete audit. The population standard deviation is assumed to be 1.3 days. What is the critical value for = .001 to test the claim that is greater than 7.5 days?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started