Question: 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
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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