Compute the value of the test statistic

Assignment Help Engineering Mathematics

Reference no: EM131456525

Question: Consider the following hypothesis test:

H₀: µ = 18

H_a: µ ≠ 18

A sample of 25 provided a sample mean = 17 and a sample standard deviation s = 4.5.

a. Compute the value of the test statistic.

b. Use the t distribution table (Table 2 in Appendix B) to compute a range for the p-value.

c. At α = .05. what is your conclusion?

d. What is the rejection rule using the critical value? What is your conclusion?

Reference no: EM131456525

Questions Cloud

Strategic management process in your strategic plan : Discuss how you will apply the strategic management process in your Strategic Plan? Address the three stages of the strategic management process.

What has happened to californias milk production over years : What is mean milk production of each milk cow in California in each of following time period? What has happened to California's milk production over the years?

Warranty claims and improve customer satisfaction : Ford car manufacturer’s objectives are to reduce costs associated with recalls, warranty claims and improve customer satisfaction.

Current annual cash dividend policy : What is the price of this stock today if the dividend will be paid for 11 years? (constant dividend) and the stock is sold in year 14 for ?$25?

Compute the value of the test statistic : A sample of 25 provided a sample mean = 17 and a sample standard deviation s = 4.5. Compute the value of the test statistic.

Its investment bank recommends debt issue : How many bonds will the company need to sell to receive the $144 million it needs?

How to measure improvement by using decisionmaking technique : Discuss how to measure improvement by using decision-making techniques, such as balanced scorecard, decision trees, Monte Carlo analysis, or real options.

Paper - cost of production in manufacturing industry : Paper - Topic is Cost of Production in Manufacturing Industry in Australia. Evaluate the article using Economic concepts

Divided between capital gains yield and dividend yield : You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield.

User Account

All Pages