Question
Is this 2-Tail test? Or 1-Tail test? In this case what I use for H0? I know the standard deviation, what number represent The mean
Is this 2-Tail test? Or 1-Tail test? In this case what I use for H0? I know the standard deviation, what number represent The mean in the equation is it 1955? Or 1800?
For the Bank the average savings account balance in year 2008 was $1800.
A random sample of 30 savings account balances for the year 2009 yielded a mean of $1955 and a standard deviations of $123.
At a = 0.05significance level can we conclude that in 2009 the mean savings account balance differs from the mean savings account balance in 2008?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To determine whether this is a 1tail or 2tail test lets first establish the hypotheses Null Hypothes...
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
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
