The competing hypotheses for a particular hypothesis test are as follows: H 0 : > $

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The competing hypotheses for a particular hypothesis test are as follows: H0: μ > $ 300 Ha: μ < $ 300 Assume the population standard deviation is known to be $ 60 and that you intend to take a random sample of size 36. Using a significance level of .05,
a. State your decision rule in $ s.
b. If the sample mean is $ 266, 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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