Would you be able to assist me in completing a 5 step

Assignment Help Basic Statistics

Reference no: EM13240775

Would you be able to assist me in completing a 5 step hypothesis test on both hypotheses (1 parameter & another with 2 or more)? In completing this test, I need to explain how to complete it.

One Parameter
The NULL hypothesis is that the mean age is not different than 40 : Ho: Î¼ = 40.
The alternative hypothesis is that the mean age is greater than 40. Ha: Î¼ > 40.

Two or more parameters
The NULL hypothesis is that the mean prices are not different: Ho: Î¼1 = Î¼2.
The alternative hypothesis is that the mean prices are different Ha: Î¼1 ï¿½ Î¼2.

Reference no: EM13240775

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