A sample of 36 observations is selected from a normal population. The sample mean is 49, and

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A sample of 36 observations is selected from a normal population. The sample mean is 49, and the population standard deviation is 5. Conduct the following test of hypothesis using the .05 significance level.

H0: µ = 50

H1: µ ≠ 50

(a) Is this a one- or two-tailed test?

(b) What is the decision rule?

(d) What is your decision regarding H0?

(e) What is the p-value? Interpret it.

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 07:38 AM

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A sample of 36 observations is selected from a normal population. The sample mean is 49, and

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a Twotailed because the alternate hypothesis does not indicate a ...View the full answer

Statistical Techniques in Business and Economics

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