Question: A sample of 33 observations is selected from a normal population. The sample mean is 53, and the population standard deviation is 6. Conduct the

A sample of 33 observations is selected from a normal population. The sample mean is 53, and the population standard deviation is 6. Conduct the following test of hypothesis using the 0.05 significance level.

H0: = 57

H1: 57

Is this a one- or two-tailed test?

One-tailed test

Two-tailed test

What is the decision rule?

Reject H0 if 1.960 < z < 1.960

Reject H0 if z < 1.960 or z > 1.960

What is the value of the test statistic? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)

What is your decision regarding H0?

Fail to reject H0

Reject H0

e-1. What is the p-value? (Round your z value to 2 decimal places and final answer to 4 decimal places.)

e-2. Interpret the p-value? (Round your z value to 2 decimal places and final answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!