Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A sample of 43 observations is selected from a normal population. The sample mean is 60, and the population standard deviation is 8. Conduct the
A sample of 43 observations is selected from a normal population. The sample mean is 60, and the population standard deviation is 8. Conduct the following test of hypothesis using the 0.02 significance level. Hou = 63 H:763 a. Is this a one-or two-tailed test? O One-tailed test O Two-tailed test b. What is the decision rule? Reject Haif -2.326 2.326 c. What is the value of the test statistic? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic 0.01 d. What is your decision regarding Ho? O Fail to reject He O Reject He e-1. What is the p-value? (Round your z value to 2 decimal places and final answer to 4 decimal places.) p-value e-2. Interpret the p-value? (Round your z value to 2 decimal places and final answer to 2 decimal places.) There is a % chance of finding a z value this large by "sampling error" when He is true
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