Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You wish to test the following claim (Ha) at a significance level of=0.10 Ho:=64.3 Ha:>64.3 You believe the population is normally distributed, but you do

You wish to test the following claim (Ha) at a significance level of=0.10

Ho:=64.3

Ha:>64.3

You believe the population is normally distributed, but you do not know the standard deviation. You obtain the following sample of data:

data

74.4

71.9

65.8

79.1

76.9

78.7

82.8

72.7

80.8

82

73

79.9

What is the critical value for this test? (Report answer accurate to three decimal places.)

critical value =

What is the test statistic for this sample? (Report answer accurate to three decimal places.)

test statistic =

The test statistic is...

  • in the critical region
  • not in the critical region

This test statistic leads to a decision to...

  • reject the null
  • accept the null
  • fail to reject the null

As such, the final conclusion is that...

  • There is sufficient evidence to warrant rejection of the claim that the population mean is greater than 64.3.
  • There is not sufficient evidence to warrant rejection of the claim that the population mean is greater than 64.3.
  • The sample data support the claim that the population mean is greater than 64.3.
  • There is not sufficient sample evidence to support the claim that the population mean is greater than 64.3.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions

Question

Write a short notes on Explicit and implicit costs.

Answered: 1 week ago