In: Economics
According to Starbucks Coffee, a tall coffee is supposed to contain 12 fluid ounces. A consumer advocate decides to test the null hypothesis that there are 12 ounces in a tall coffee. She finds in a sample of 20 tall cups an average of 11.99 ounces of coffee, with a standard deviation of .01 ounces. From the above information, what would positive critical value for t in a two-tailed test at a significance level of .01? (refer to the provided t table).
Your Answer:
Given, sample size = n = 20
population mean = μ = 12
smaple mean = x̅ = 11.99
sample standard deviation = s = 0.01
The hypothesis is given by:
H0: μ = 12 against
H1: μ ≠ 12
The test statistic is given by:
t = (x̅ - μ)/(s/√n)
t = (11.99-12)/(0.01/√20)
t = -4.472
|t| = 4.472
The critical value (table value) is:
tcrit = t0.005,20-1 = 2.861