Suppose you are testing the following hypotheses: H0: = 7000 Ha: 7000 Sample size

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Suppose you are testing the following hypotheses: H0: μ = 7000 Ha: μ ≠ 7000 Sample size is 144. The sample mean is 7040. The population standard deviation is 240. The significance level is .01
a. Compute the p value for the sample result.
b. Should you reject the null hypothesis? Explain.
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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