Question
We wish to study the economic solvency of the group of fishing companies in the country. The classification criterion depends on the average capital of
We wish to study the economic solvency of the group of fishing companies in the country. The classification criterion depends on the average capital of each company; if this exceeds 1,000 monetary units, it is considered an economically solvent company. A random sample of 25 of these companies is selected, obtaining a sample mean of 1,040 monetary units and a sample variance of 6,400 (the capital of the companies is an approximately normal random variable). Consider ? = 0.05
The following can be stated:
I. The most appropriate alternative hypothesis is H1 > 1,000. II. The null hypothesis is accepted. III. The most appropriate test statistic is:
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