Question

According to BusinessWeek, the average market value of a biotech company is less than $250 million. 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.


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  • CreatedJune 03, 2015
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