Question: In doing a 1- Tail test. I have this set as a hypothesis, My data is below, I am very confused on the value of

In doing a 1- Tail test. I have this set as a hypothesis, My data is below, I am very confused on the value of p and the T.DIST.RT function

H0:u=342,365

Ha:u 342,365

Hypothesis: [Define the population parameter. Write null and alternative hypotheses. Note: For means, define a hypothesis that is less than the population parameter. My significance level i believe is =0.05. Describe the population parameter for the variable you are analyzing.- I dont know

Data analysis:[Summarize your sample data using appropriate graphical displays and summary statistics.]

[Provide at least one histogram of your sample data.]

[In a table, provide summary statistics including sample size, mean, median, and standard deviation.]

[Determine the appropriate test statistic (t).]

calculation is (mean - target)/standard error. In this case, the mean is your regional mean, and the target is the national mean.]

[Calculate the probability (pvalue).]

[Note: This calculation is done with the T.DIST.RT function in Excel: =T.DIST.RT([test statistic], [degree of freedom]). The degree of freedom is calculated by subtracting 1 from your sample size.]

Interpretation:

[Relate the pvalue and significance level.]

[Make the correct decision (reject or fail to reject).]

[Provide a conclusion in the context of your hypothesis.]

Mean 228994.1536
Median 215050
Mode 169950
Standard Deviation 79432.17347
Count 500

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