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Hypothesis test for a Population Mean, Sigma Known If the population standard deviation is known, we can directly calculate the standard deviation of the sampling

Hypothesis test for a Population Mean, Sigma Known If the population standard deviation is known, we can directly calculate the standard deviation of the sampling distribution (the standard error of the estimate), and use the standardized normal distribution to get a z multiple, using the Excel function NORMSINV. We can then calculate p for each of the three possible test conditions, and compare it to each level of alpha to see whether the null hypothesis should be rejected. Inputs -Hypothesized Population Mean: Population Standard Deviation (sigma): Sample size (n): Sample Mean (X-bar) 295 <-- Input the appropriate number for your situation 12 <-- Input the appropriate number for your situation 50 <-- Input the appropriate number for your situation 297.6 <-- Input the appropriate number for your situation Intermediate Calculations -Standard Error of the Estimate: 1.69705627 Test Statistic (z): 1.53206469 Results -- For the Alpha level given, H0 should be Alpha: 0.01 not rejected One tailed, H0: Mu =>295, p= 0.9372 One tailed, H0: Mu <=295, p= 0.0628 not rejected Two-tailed, H0: Mu = 295, p = 0.1255 not rejected timate), cel mpare it to ate number for your situation ate number for your situation ate number for your situation ate number for your situation pha level given, H0 should be 0.05 not rejected 0.1 not rejected not rejected Rejected not rejected not rejected Hypothesis test for a Population Mean, Sigma Unknown If the population standard deviation is not known, we must use the sample standard deviation as an estimate and use it to calculate the standard deviation of the sampling distribution (the standard error of the estimate). We also use the t distribution to get a multiple corresponding to the desired confidence level, using the Excel function TINV. We can then calculate p for each of the three possible test conditions, and compare it to each level of alpha to see whether the null hypothesis should be rejected. Inputs -Hypothesized Population Mean: Sample Standard Deviation (s): Sample size (n): Sample Mean (X-bar) 7 <-- Input the appropriate number for your situation 1.05 <-- Input the appropriate number for your situation 60 <-- Input the appropriate number for your situation 7.25 <-- Input the appropriate number for your situation Intermediate Calculations -Standard Error of the Estimate: 0.135554 Test Statistic (t): 1.844278 Degrees of Freedom (d.f.): 59 Results -- For the Alpha level given, H0 should be Alpha: 0.01 0.05 not rejected not rejected One tailed, H0: Mu =>7, p= 0.9649 One tailed, H0: Mu <=7, p= 0.0351 not rejected Rejected Two-tailed, H0: Mu = 7, p = 0.0702 not rejected not rejected our situation our situation our situation our situation 0 should be 0.1 not rejected Rejected Rejected Hypothesis Tester - Single Sample Hypothesis test for a population proportion From a sample proportion, we can calculate the standard deviation of the sampling distribution (the standard error of the estimate) and use the standardized normal distribution to get a z multiple, using the Excel function NORMSINV. We can then calculate p for each of the three possible test conditions and compare it to each level of alpha to see whether the null hypothesis should be rejected. Inputs: Hypothesized population proportion: 0.35 Sample Proportion (p-bar) 0.4 Sample Size (n) 30 <-- Input the appropriate number for your situation <-- Input the appropriate number for your situation <-- Input the appropriate number for your situation Intermediate Calculations: Standard Error of the Estimate: 0.0871 Test statistic (z): 0.5741692518 Results: One tailed, H0: P => 0.35, p = 0.7171 For the Alpha level given, H0 should be 0.01 not rejected One tailed, H0: P <= 0.35, p = 0.2829 not rejected Two-tailed, H0: P = 0.35, p = 0.5659 not rejected Alpha: ate number for your situation ate number for your situation ate number for your situation he Alpha level given, H0 should be: 0.05 0.1 not rejected not rejected not rejected not rejected not rejected not rejected 17c9da1d5079f467a67006bd6bc26c3d17b94a40 Date Open High Low Close Adj Close Volume 12/31/2012 27.700001 28.41 27.700001 28.35 25.883875 5677700 1/2/2013 29.08 29.26 28.85 29.26 26.714716 7992800 1/3/2013 28.66 28.700001 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33.880001 33.73 33.93 33.869999 33.73 32.290001 31.950001 32.009998 31.92 31.59 31.91 32.299999 32.290001 32.73 33.040001 33.009998 33.150002 32.98 33.330002 33.389999 33.720001 32.849998 32.880001 32.27 32.110001 32.110001 32.41 32.299999 32.07 32.369999 32.380001 32.220001 32.540001 32.27 32.150002 31.969999 32.650002 32.650002 33.09 33.150002 33.34 33.450001 33.860001 34.439999 34.380001 33.599998 33.09 33.290001 33.560001 33.790001 33.93 34.599998 33.98 34.23 33.880001 34.349998 34.240002 33.77 32.439999 32.299999 32.419998 32.02 31.9 32.360001 32.549999 32.91 33 33.16 33.259998 33.220001 33.310001 33.599998 33.959999 34.169998 33.139999 32.939999 32.549999 32.48 32.630001 32.639999 32.599998 32.419998 32.799999 32.650002 32.59 32.990002 32.290001 32.16 32.27 33.349998 33.509998 33.43 33.209999 33.84 34.029999 34.669998 34.560001 34.59 33.709999 33.360001 33.709999 34.07 34.02 34.139999 Page 4 31.746088 2488100 31.177231 2564800 31.406614 2829900 31.085484 2575100 31.516706 1796900 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5/29/2015 6/1/2015 6/2/2015 6/3/2015 6/4/2015 6/5/2015 6/8/2015 6/9/2015 6/10/2015 6/11/2015 6/12/2015 6/15/2015 6/16/2015 6/17/2015 6/18/2015 6/19/2015 6/22/2015 6/23/2015 6/24/2015 6/25/2015 6/26/2015 6/29/2015 6/30/2015 7/1/2015 7/2/2015 7/6/2015 7/7/2015 7/8/2015 7/9/2015 40.759998 40.669998 40.68 41.02 41.610001 41.75 41.73 42.259998 42.32 41.790001 42 42.290001 42.490002 42.59 43.040001 42.84 42.200001 42.990002 43.169998 42.830002 42.880001 42.849998 42.639999 42.970001 42.98 42.849998 41.98 42.470001 42.68 43 43.110001 42.93 43.639999 44.049999 43.779999 43.369999 43.790001 44.459999 43.900002 43.720001 44.049999 44.529999 44.369999 44.290001 44.009998 43.049999 43.220001 43.709999 43.439999 42.869999 43.450001 42.57 43.060001 40.830002 41.209999 41.169998 41.889999 41.810001 41.84 42.450001 42.860001 42.48 41.919998 42.380001 42.799999 42.779999 43 43.150002 42.91 42.860001 43.669998 43.369999 43.110001 43.16 42.860001 43.09 43.099998 43.130001 42.919998 42.459999 43.099998 43 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11/16/2015 11/17/2015 11/18/2015 11/19/2015 11/20/2015 11/23/2015 11/24/2015 11/25/2015 11/27/2015 11/30/2015 12/1/2015 12/2/2015 12/3/2015 12/4/2015 12/7/2015 12/8/2015 37.5 38.400002 38.310001 37.369999 38.110001 38.259998 37.34 38.669998 39.110001 39.48 39.290001 39.830002 39.330002 39.310001 39.220001 38.880001 42 39.900002 40.18 40.759998 40.459999 41.259998 41.610001 41.009998 41.150002 42.419998 42.34 41.75 42.279999 42.77 42.580002 44.73 44.27 43.080002 44.110001 43.220001 42.529999 41.880001 43 43.169998 43.759998 43.75 43.5 43.189999 43.349998 43.41 43.52 43.740002 44.110001 43.52 42.93 44.099998 43.34 37.779999 38.720001 38.43 37.619999 38.27 38.68 38.290001 39.349998 39.560001 39.880001 39.950001 40.130001 39.66 39.650002 39.330002 39.52 42 40.700001 40.830002 40.959999 41.439999 41.77 41.779999 41.419998 42.880001 42.900002 42.43 42.709999 42.73 42.959999 43.68 45.240002 44.299999 43.84 44.119999 43.32 42.73 42.799999 43.490002 43.830002 43.849998 43.939999 43.91 43.560001 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12/10/2015 12/11/2015 12/14/2015 12/15/2015 12/16/2015 12/17/2015 12/18/2015 12/21/2015 12/22/2015 12/23/2015 12/24/2015 12/28/2015 12/29/2015 12/30/2015 12/31/2015 1/4/2016 1/5/2016 1/6/2016 1/7/2016 1/8/2016 1/11/2016 1/12/2016 1/13/2016 1/14/2016 1/15/2016 1/19/2016 1/20/2016 1/21/2016 1/22/2016 1/25/2016 1/26/2016 1/27/2016 1/28/2016 1/29/2016 2/1/2016 2/2/2016 2/3/2016 2/4/2016 2/5/2016 2/8/2016 2/9/2016 2/10/2016 2/11/2016 2/12/2016 2/16/2016 2/17/2016 2/18/2016 2/19/2016 2/22/2016 2/23/2016 2/24/2016 2/25/2016 42.889999 42.23 42.110001 41.950001 42.580002 43.619999 44.240002 42.990002 42.509998 42.790001 43.049999 43.330002 43.119999 43.52 43.740002 42.990002 41.860001 41.66 40.919998 40.259998 40.220001 39.299999 39.459999 39.689999 38.400002 37.139999 37.990002 36.07 36.5 36.639999 35.139999 34.310001 34.810001 35.459999 36.43 36.290001 35.360001 34.740002 34.450001 34.950001 33.720001 31.9 33.529999 31.76 32.209999 34.16 34.790001 34.59 33.790001 34.529999 34.66 33.060001 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42.189999 42.450001 42.799999 43.349998 43.360001 43.169998 43.810001 43.310001 42.84 41.580002 41.77 41.200001 39.48 38.91 38.709999 39.389999 38.099998 38.259998 37.439999 37.119999 36.549999 36.060001 35.27 34.119999 35.02 35.299999 36.32 36.580002 36.110001 34.369999 34.459999 34.869999 34.32 32.599998 33.16 32.84 31.360001 33.529999 34.290001 34.43 33.889999 34.150002 34.849998 33.830002 33.419998 33.799999 Page 15 40.615154 5590300 41.162838 3824700 40.153946 2929500 40.346115 4356200 41.604832 3864400 42.344688 4548900 41.54718 3309300 40.538284 10957500 40.788105 2392100 41.124401 2618000 41.65287 2642400 41.662476 974600 41.479919 2496300 42.09486 2581700 41.614437 2020400 41.162838 2288900 39.952164 4936500 40.134731 4372300 39.587048 4812300 37.93438 6482500 37.3867 4535100 37.194527 5057500 37.8479 4401200 36.608402 6758500 36.762142 5855200 35.974247 5314000 35.666771 5104600 35.119091 6347700 34.648273 6400600 33.889198 9779600 32.784225 10558100 33.648987 5523500 33.918022 10959200 34.898094 7898000 35.147907 6991300 34.69632 5041900 33.024433 7322200 33.110912 6760300 33.504856 4355000 32.976387 4398300 31.32373 8374500 31.861799 6034300 31.554333 4996700 30.132275 6923700 32.217319 5503600 32.947567 4770900 33.082085 4002500 32.563225 5467800 32.813046 3696500 33.485641 3623800 32.505573 3718600 32.341064 4846500 32.708797 3908700 17c9da1d5079f467a67006bd6bc26c3d17b94a40 2/26/2016 2/29/2016 3/1/2016 3/2/2016 3/3/2016 3/4/2016 3/7/2016 3/8/2016 3/9/2016 3/10/2016 3/11/2016 3/14/2016 3/15/2016 3/16/2016 3/17/2016 3/18/2016 3/21/2016 3/22/2016 3/23/2016 3/24/2016 3/28/2016 3/29/2016 3/30/2016 3/31/2016 4/1/2016 4/4/2016 4/5/2016 4/6/2016 4/7/2016 4/8/2016 4/11/2016 4/12/2016 4/13/2016 4/14/2016 4/15/2016 4/18/2016 4/19/2016 4/20/2016 4/21/2016 4/22/2016 4/25/2016 4/26/2016 4/27/2016 4/28/2016 4/29/2016 5/2/2016 5/3/2016 5/4/2016 5/5/2016 5/6/2016 5/9/2016 5/10/2016 5/11/2016 34.18 34.400002 33.540001 35.060001 35.880001 36.919998 36.77 36.400002 35.790001 35.400002 36.07 36.77 36.389999 36.689999 36.25 37 37.009998 36.880001 36.950001 36.169998 36.639999 36.48 36.52 36.470001 35.98 36.59 36.040001 35.630001 35.639999 35.77 35.82 36.110001 37.25 38.34 38.77 38.200001 38.779999 39.400002 39.869999 40.810001 41.950001 41.98 42.599998 42.09 41.759998 42.049999 41.43 40.810001 40.5 40.080002 40.459999 40.709999 41.209999 35.009998 34.400002 35.009998 36.080002 36.560001 37.540001 36.91 36.43 35.849998 35.779999 37.029999 37.119999 36.889999 37.25 36.790001 37.490002 37.560001 37.169998 37.060001 36.689999 37.02 36.5 36.959999 36.470001 36.709999 37.009998 36.240002 36.349998 35.939999 36.290001 36.509998 36.91 38.59 39.310001 38.84 38.889999 39.25 39.869999 40.209999 42.34 42.009998 42.73 43.029999 42.619999 42.009998 42.23 41.630001 41.330002 40.889999 40.66 40.880001 41.549999 41.919998 33.98 33.18 33.450001 34.970001 35.869999 36.73 36.43 35.34 34.790001 34.889999 35.990002 36.630001 36.310001 36.040001 35.75 36.790001 36.799999 36.619999 36.599998 35.759998 36.419998 35.75 36.220001 35.810001 35.419998 36.330002 35.709999 35.43 35.099998 35.529999 35.790001 36.110001 37.200001 38.34 38.279999 38.080002 38.689999 39.16 39.709999 40.73 41.220001 41.77 42.07 41.84 41.459999 41.5 41.09 40.240002 40.150002 39.91 40.060001 40.610001 40.810001 34.540001 33.18 35.009998 35.990002 36.549999 37.049999 36.740002 35.419998 35.049999 35.669998 36.990002 36.889999 36.84 36.389999 36.630001 37.189999 37.110001 36.970001 36.630001 36.599998 36.779999 36.330002 36.490002 36.080002 36.619999 36.5 35.75 36.150002 35.349998 35.630001 36.029999 36.75 38.450001 38.689999 38.470001 38.66 39.240002 39.77 39.869999 41.959999 41.990002 42.439999 42.57 42.07 41.740002 42.130001 41.43 40.639999 40.360001 40.630001 40.360001 41.459999 41.400002 Page 16 33.424908 32.10881 33.87973 34.828094 35.370018 35.853874 35.553883 34.276497 33.918442 34.518429 35.795818 35.699039 35.65065 35.215179 35.447433 35.989357 35.911934 35.776451 35.447433 35.418396 35.592583 35.15712 35.311954 34.915188 35.437759 35.321632 34.595844 34.982929 34.208752 34.479721 34.866798 35.56356 37.208675 37.440926 37.228031 37.4119 37.973171 38.486061 38.582832 40.605354 40.634392 41.069862 41.195667 40.711811 40.392464 40.769871 40.092468 39.327972 39.057014 39.318298 39.057014 40.121494 40.063438 3897100 6878500 5430800 4839400 3431400 3833000 2975100 6687800 5976400 5811500 3597200 2598000 2270300 3483500 3256800 6853800 2382300 2585500 2761200 3311600 2223900 3124700 2393300 4406700 3786300 2864400 3942200 3617000 4805000 2636200 3354700 4804600 7032300 5046100 3767400 2684300 2768300 3356000 3415700 8225500 4259800 4830900 4908500 3501100 5413100 4709800 4402100 4572500 4795900 3038600 3815900 4813300 4434400 17c9da1d5079f467a67006bd6bc26c3d17b94a40 5/12/2016 5/13/2016 5/16/2016 5/17/2016 5/18/2016 5/19/2016 5/20/2016 5/23/2016 5/24/2016 5/25/2016 5/26/2016 5/27/2016 5/31/2016 6/1/2016 6/2/2016 6/3/2016 6/6/2016 6/7/2016 6/8/2016 6/9/2016 6/10/2016 6/13/2016 6/14/2016 6/15/2016 6/16/2016 6/17/2016 6/20/2016 6/21/2016 6/22/2016 6/23/2016 6/24/2016 6/27/2016 6/28/2016 6/29/2016 6/30/2016 7/1/2016 7/5/2016 7/6/2016 7/7/2016 7/8/2016 7/11/2016 7/12/2016 7/13/2016 7/14/2016 7/15/2016 7/18/2016 7/19/2016 7/20/2016 7/21/2016 7/22/2016 7/25/2016 7/26/2016 7/27/2016 41.630001 41.240002 40.619999 40.919998 41.060001 42.48 42.919998 42.549999 42.84 43.470001 43.709999 43.34 44.060001 43.23 43.709999 43.169998 43.5 43.580002 43.330002 43.16 42.32 42.139999 41.799999 41.040001 40.630001 40.799999 42.049999 41.790001 41.740002 42.290001 40.380001 39.860001 38.639999 39.669998 40.41 40.73 40.150002 39.07 40.189999 41.490002 41.799999 42.400002 42.580002 43.889999 43.990002 43.369999 43.029999 43.450001 43.150002 42.25 42.220001 42.299999 42.610001 42.009998 41.799999 41.27 41.57 42.84 43.18 43.259998 42.810001 43.310001 44.32 43.84 43.939999 44.169998 43.950001 44.09 43.439999 44.259998 43.939999 43.700001 43.16 42.580002 42.68 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41.639999 41.669998 41.689999 43.209999 40.540001 37.84 39.200001 40.040001 41.080002 40.709999 39.5 40.18 40.700001 41.439999 41.869999 42.669998 42.740002 43.860001 43.5 43.389999 43.27 43.27 43.169998 42.400002 42.299999 42.560001 42.349998 Page 17 40.015053 39.250557 39.753765 39.773121 41.427921 41.244049 41.176304 41.118252 41.718235 42.560143 42.170933 42.637989 42.637989 42.64772 42.852055 42.161205 42.783943 42.229317 42.316891 41.810913 41.334133 40.760048 39.650795 39.903786 39.650795 40.147041 40.516792 40.545979 40.565441 42.044437 39.446465 36.819294 38.142609 38.959946 39.971897 39.611877 38.434513 39.096169 39.602146 40.322182 40.740582 41.519005 41.587124 42.676907 42.326618 42.219585 42.102825 42.102825 42.005516 41.25629 41.158985 41.411976 41.207638 3830300 3034500 3332300 4016500 6091600 4997300 3909200 3653700 3399100 3901100 2695400 2572300 4327200 3248000 2133100 4249400 3303400 2945400 1952800 3329300 2964000 3502300 4118800 2983900 3847200 4342600 4138400 2760700 1989800 2960100 8642600 7601400 4385900 3831900 4592600 3266900 4210200 5226800 3485200 4554300 4486800 6395400 5120300 4680100 5892400 2706600 2080200 2252600 2955300 5897100 3530800 3400400 3237400 17c9da1d5079f467a67006bd6bc26c3d17b94a40 7/28/2016 7/29/2016 8/1/2016 8/2/2016 8/3/2016 8/4/2016 8/5/2016 8/8/2016 8/9/2016 8/10/2016 8/11/2016 8/12/2016 8/15/2016 8/16/2016 8/17/2016 8/18/2016 8/19/2016 8/22/2016 8/23/2016 8/24/2016 8/25/2016 8/26/2016 8/29/2016 8/30/2016 8/31/2016 9/1/2016 9/2/2016 9/6/2016 9/7/2016 9/8/2016 9/9/2016 9/12/2016 9/13/2016 9/14/2016 9/15/2016 9/16/2016 9/19/2016 9/20/2016 9/21/2016 9/22/2016 9/23/2016 9/26/2016 9/27/2016 9/28/2016 9/29/2016 9/30/2016 10/3/2016 10/4/2016 10/5/2016 10/6/2016 10/7/2016 10/10/2016 10/11/2016 42.220001 42.369999 42.419998 41.82 41.52 42.029999 42.450001 43 42.700001 42.5 42.119999 41.68 42.029999 41.830002 42.060001 42.540001 42.759998 42.720001 42.93 42.82 42.709999 42.970001 43.150002 43.580002 44.040001 44.189999 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43.459999 43.650002 43.740002 43.82 44.099998 43.900002 42.700001 42.360001 42.990002 42.869999 43.130001 43.41 43.869999 44.860001 45.27 45.18 46.049999 45.349998 42.459999 42.290001 41.880001 41.369999 42.049999 41.950001 42.900002 42.639999 42.580002 41.91 42.040001 41.84 42.099998 42.110001 42.490002 42.849998 42.860001 42.880001 42.689999 42.700001 42.73 43.16 43.580002 44 44.07 43.790001 43.970001 43.389999 43.560001 43.880001 43.389999 44.130001 43.790001 43.41 44.110001 43.709999 43.860001 43.779999 44.290001 44.150002 44.18 42.720001 43.330002 43.59 43.150002 43.799999 43.77 44.73 45.73 45.790001 45.689999 46.16 45.630001 Page 18 41.314671 41.149254 40.75032 40.254074 40.91573 40.818428 41.742805 41.489811 41.431435 40.779507 40.906002 40.711399 40.964382 40.974113 41.343861 41.694153 41.70388 41.723339 41.538464 41.548203 41.577389 41.995789 42.661461 43.072609 43.141129 42.867035 43.043243 42.47546 42.641884 42.955139 42.47546 43.199867 42.867035 42.495041 43.18029 42.788715 42.935558 42.857243 43.356495 43.219444 43.24881 41.819588 42.416725 42.671246 42.240524 42.87682 42.847454 43.78722 44.766144 44.824883 44.726982 45.18708 44.668251 2739100 3110900 2344200 3709400 2370800 2303600 4873300 3156400 2383600 1673600 2249800 2058800 3561300 3281600 4174000 3390800 2534000 2031700 2068300 1975500 2495700 3662900 2850500 2513600 3063300 2983700 2312100 2196100 2831900 2794700 3200300 4002000 4760000 4491400 3277800 4120000 2429400 2073300 3958400 3201800 3346600 3765500 2895300 2495700 2477300 3614500 3526600 4735300 4896800 3875100 2819400 2712000 3032200 17c9da1d5079f467a67006bd6bc26c3d17b94a40 10/12/2016 10/13/2016 10/14/2016 10/17/2016 10/18/2016 10/19/2016 10/20/2016 10/21/2016 10/24/2016 10/25/2016 10/26/2016 10/27/2016 10/28/2016 10/31/2016 11/1/2016 11/2/2016 11/3/2016 11/4/2016 11/7/2016 11/8/2016 11/9/2016 11/10/2016 11/11/2016 11/14/2016 11/15/2016 11/16/2016 11/17/2016 11/18/2016 11/21/2016 11/22/2016 11/23/2016 11/25/2016 11/28/2016 11/29/2016 11/30/2016 12/1/2016 12/2/2016 12/5/2016 12/6/2016 12/7/2016 12/8/2016 12/9/2016 12/12/2016 12/13/2016 12/14/2016 12/15/2016 12/16/2016 12/19/2016 12/20/2016 12/21/2016 12/22/2016 12/23/2016 12/27/2016 45.580002 45.189999 45.23 45.09 45.18 45.580002 46.18 45.52 45.900002 45.330002 45.049999 45.889999 45.799999 45.43 45.5 45.080002 44.959999 44.959999 45.75 45.98 47.650002 48.689999 49.650002 50.970001 51.619999 51.959999 50.939999 51.299999 52 51.98 52.279999 52.32 51.57 51.73 5

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