Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A sample of 50 observations is selected from a normal population. The sample mean is 30, and the population standard deviation is 3. Conduct

A sample of 50 observations is selected from a normal population. The sample mean is 30 , and the population standard deviati

c. What is the value of the test statistic? (Round your answer to 2 decimal places.) d. What is your decision regarding ( m

e-2. Interpret the p-value? (Round your final answer to 2 decimal places.)

A sample of 50 observations is selected from a normal population. The sample mean is 30, and the population standard deviation is 3. Conduct the following test of hypothesis using the 0.01 significance level. Hg: H 29 H: > 29 a. Is this a one- or two-tailed test? One-tailed test OTwo-tailed test b. What is the decision rule? O Reject He when z>2.326 O Reject H when z 2.326 QWERTYUI ASDFGHJK ZXCVBNM Hi 123 0 space re c. What is the value of the test statistic? (Round your answer to 2 decimal places.) Value of the test statistic d. What is your decision regarding He? Reject Ho O Fail to reject He 2.36 p-value e-1. What is the p-value? (Round your answer to 4 decimal places.) qwe asd ZX e-2. Interpret the p-value? (Round your final answer to 2 decimal places.) There is a % chance of finding a z value this large by "sampling error" when H0 is true.

Step by Step Solution

3.38 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

From the shared images we have information about a hypothesis test where The null hypothesis H0 mu 29 The alternative hypothesis H1 mu 29 A sample of size 50 is selected with a sample mean of 30 and a ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Techniques In Business And Economics

Authors: Douglas Lind, William Marchal

16th Edition

78020522, 978-0078020520

More Books

Students also viewed these Accounting questions