Suppose you are testing the following hypotheses: H0: > 4000 Ha: < 4000 Sample size is 16. The
a. Compute the sample test statistic, t stat.
b. With the help of a statistical calculator or a statistical software package, determine the appropriate p value here and use it to conduct the test. (If you are using Excel, use the statistical function T. DIST to produce the appropriate p value.)
c. Based on your work in parts a and b, should you reject the null hypothesis? Explain.
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Step by Step Answer:
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: July 16, 2015 17:20:16