Question
The Watch Corporation of Switzerland claims that its watches on average will neither gain nor lose time during a week. A sample of 18 watches
The Watch Corporation of Switzerland claims that its watches on average will neither gain nor lose time during a week. A sample of 18 watches provided the following gains (+) or losses (-) in seconds per week.
-0.65 | -0.80 | -0.37 | -0.17 | 0.19 | -0.48 | 0.65 | 0.48 | -0.15 |
-0.71 | -0.14 | -0.21 | -0.18 | -0.30 | -0.59 | -0.39 | -0.80 | 0.45 |
H0: = 0
H1: 0
Is it reasonable to conclude that the mean gain or loss in time for the watches is 0? Use the 0.10 significance level.
a. At a level of 0.10 significance, we reject H0: = 0. (Negative answer should be indicated by a minus sign. Round the final answers to 3 decimal places.)
If t < or t > , reject H0.
b. What is the value of the test statistic? (Round the final answer to 3 decimal places.)
Value of the test statistic =
c. What is your decision regarding H0?
(Click to select) Do not reject Reject H0: = 0.
d. What is the p-value?
The p-value is (Click to select) 0.020 and 0.05 0.050 and 0.10 .
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