Question
Need help Im trying to figure out the hypothesis testing for normal dist and Norm.S inv . I made up a scenario and im not
Need help
Im trying to figure out the hypothesis testing for normal dist and Norm.S inv. I made up a scenario and im not sure if my response to my scenario is corect in regards to the normal dist and norm.s. and p value and z. . im extremely confused .
For my scenario i said a shop has average daily selling of $ 75. shopkeeper claims that average daily selling of shop has greater than its average of $ 75.to support this claim, he collects a sample of 25 days and finds that average daily selling is $80. The population standard deviation is known $9.use significance level of 5%
H0 : u=75
H1 : u>75
=(75-80)*9/9^0.5
=-15
Nom.dist(75,80,9/9^.5.)
=Norm.s.inv(A)
Using the z to p value calculator with a=.05, 1 tailed test and z=-15, you get
P-value =0.0027 {from Ztable}
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