Conduct the test, A sample of 30 firms reveals an average

Conduct the test

Reference no: EM131380923

According to BusinessWeek, the average market value of a biotech company is less than $250 million.6 Suppose that this indeed is the alternative hypothesis you want to prove.

A sample of 30 firms reveals an average of $235 million and a standard deviation of $85 million. Conduct the test at α = 0.05 and α = 0.01. State your conclusions.

Reference no: EM131380923

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Conduct the test

Reference no: EM131380923

Reference no: EM131380923

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