User Account

All Pages

State the decision rule

Assignment Help Finance Basics
Reference no: EM131509076

Given the following hypotheses: 

H0 : μ = 400 

H1 : μ ≠ 400 

A random sample of 12 observations is selected from a normal population. The sample mean was 407 and the sample standard deviation 6. Using the .01 significance level:

a. State the decision rule. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.)

Reject H0 when the test statistic is (Click to select)

outside

inside

the interval (, ). 

b. Compute the value of the test statistic. (Round your answer to 3 decimal places.) 

Value of the test statistic   

c. What is your decision regarding the null hypothesis?   Do not rejectReject

Reference no: EM131509076

Questions Cloud

Analyse the concept of citizenship and social institution : Was the campaign a success? Why? - What are the risks of using the media in social or political campaigns and are they evident in your example?
What is the null hypotheses : The researcher has the idea that listening to hard rock music can directly influence one's perception of the world. The professor randomly selects a group.
Data represent the serum cholesterol levels : The following data come student health records gathered in a survey of women's college athletics. The following data represent the serum cholesterol levels
Explain the most appropriate location for a second store : Assignment- Expanding Your Business- Explain the most appropriate location for a second store (an actual street address). Explain your reasoning.
State the decision rule : A random sample of 12 observations is selected from a normal population. The sample mean was 407 and the sample standard deviation 6.
Conduct the appropriate test to seek evidence for program : Data were collected from 10 major oil well drilling operators that recorded the number of hours lost per week due to work-related accidents.
What is code sharing and code share agreements : What is code sharing and code share agreements? The National Aeronautics and Space Administration conducts human space flights, what is NASA role?
What is the decision rule : The sample mean is 215, and the population standard deviation is 15. Conduct the following test of hypothesis using the .025 significance level.
Find differences between pretest and posttest oxygen index : The chemical engineer added a chemical to a fast-burning compound that changed the oxygen consumption once the reaction started.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd