Question
The hypothesis is that the mean IQ of the population is 100.A random sample of six IQs in this population resulted in the following values:
The hypothesis is that the mean IQ of the population is 100.A random sample of six IQs in this population resulted in the following values: 11898113110101111.
Using the .05 significance level, is it possible to conclude that the mean is different from 100?
- State the decision rule.
- Compute the test statistic
- What is your conclusion?
- Use Excel to find the p-value.What does it mean?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
