Question: 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
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 your sample is significantly greater than 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)
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a Null Hypothesis Ho 13 Alternative Hypothesis Ha 13 b Test Statistics Z Xbar ... View full answer
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