Suppose you have 30 observations from a normal distribution. The sample mean is 15 and the variance

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Suppose you have 30 observations from a normal distribution. The sample mean is 15 and the variance of X is 25. You want to test whether the sample mean is significantly different from 13.

a) Write down the null and alternative hypotheses

b) Calculate your Z statistic.

c) Can you reject the null hypothesis at the 5% significance level? (Report your critical value)

d) Can you reject the null hypothesis at the 1% significance level? (Report your critical value)

e) Report the 95% confidence interval for your sample.

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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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