Consider the following hypothesis test: H 0: 50 H a: > 50 A sample of...

50.1K

Verified Solution

Question

Finance

Consider the following hypothesis test:

H 0: 50

H a: > 50

A sample of 55 is used and the population standard deviation is 8. Use the critical value approach to state your conclusion for each of the following sample results. Use = .05.

With = 52.5, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? SelectYesNoItem 2

b. With = 51, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? SelectYesNoItem 4

c. With = 51.8, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? SelectYesNoItem 6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students