Suppose you have 30 observations from a normal distribution. The sample mean is 15 and the variance
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Suppose you have 30 observations from a normal distribution. The sample mean is 15 and the variance of X is 25. You want to test whether the sample mean is significantly different from 13.
a) Write down the null and alternative hypotheses
b) Calculate your Z statistic.
c) Can you reject the null hypothesis at the 5% significance level? (Report your critical value)
d) Can you reject the null hypothesis at the 1% significance level? (Report your critical value)
e) Report the 95% confidence interval for your sample.
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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