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Consider the following hypothesis statement: H0: U = 250 H1: U not equal to 250 The sample mean is 265. Sample standard deviation is 65
Consider the following hypothesis statement: H0: U = 250 H1: U not equal to 250 The sample mean is 265. Sample standard deviation is 65 and the sample size is 36. Calculate its p-value and make a decision at the level of significance of 5%. a). 16.8%, fail to reject the null hypothesis b). 7.3%, fail to reject the null hypothesis c). 2.7%, reject the null hypothesis d). 4.1%, reject the null hypothesis
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