Suppose you are testing the following hypotheses: H0: < 1500 Ha: > 1500 Sample size
Question:
a. Compute the sample test statistic, t stat.
b. With the help of a statistical calculator or a statistical software package, determine the appropriate p value here and use it to conduct the test. (If you are using Excel, use the statistical function T. DIST. RT to produce the appropriate p value.)
c. Based on your work in parts a and b, should you reject the null hypothesis? Explain.
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Step by Step Answer:
a t stat 1545150075 25 30 b Using EXCELs statistical function TDISTRT set x 30 df 24 The ...View the full answer
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Related Book For 
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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