Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mary examined a random sample of Friday withdrawals from a college campus ATM. She hypothesized that the mean was less than $100. The results shown
Mary examined a random sample of Friday withdrawals from a college campus ATM. She hypothesized that the mean was less than $100. The results shown below are from MegaStat. What would Mary conclude from this test? Explain carefully.
hypothesis test: mean vs hypothesized value
100.000 hypothesized value
85.882 mean Withdrawl
85.078 st. dev
20.634 st. error
17 n
16 dif
-0.68 t
.2518 p-value (one tailed, lower)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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