Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A simple random sample of size n = 15 is drawn from a population that is normally distributed. The sample mean is found to be

image text in transcribed
A simple random sample of size n = 15 is drawn from a population that is normally distributed. The sample mean is found to be x = 23.2 and the sample standard deviation is found to be s = 6.3. Determine if the population mean is different from 26 at the a = 0.01 level of significance. Complete parts (a) through (d) below. ..... (a) Determine the null and alternative hypotheses. Ho: 26 26 (b) Calculate the P-value. P-value = istic (Round to three decimal places as needed.) (c) State the conclusion for the test. O A. Do not reject Ho because the P-value is greater than the a = 0.01 level of significance. O B. Do not reject Ho because the P-value is less than the a = 0.01 level of significance. O C. Reject Ho because the P-value is less than the a = 0.01 level of significance. O D. Reject Ho because the P-value is greater than the a = 0.01 level of significance. (d) State the conclusion in context of the problem. There sufficient evidence at the a = 0.01 level of significance to conclude that the population mean is different from 26

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Mathematical Analysis For Quantitative Finance

Authors: Daniele Ritelli, Giulia Spaletta

1st Edition

1351245104, 9781351245104

More Books

Students also viewed these Mathematics questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago