# Suppose you are testing the following hypotheses: H0: > 4000 Ha: < 4000 Sample size is 16. The

## Question:

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.

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## Step by Step Answer:

**Related Book For**

## Understanding Business Statistics

**ISBN:** 978-1118145258

1st edition

**Authors:** Stacey Jones, Tim Bergquist, Ned Freed

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