A random sample of 64 observations produced the following summary statistics: average = 0.36 and variance...

A random sample of 64 observations produced the following
summary statistics: average = 0.36 and variance = 0.034.

a. Test the null hypothesis that m =0 .397 against the alternative
hypothesis, using a = 0.10.
Interpret the result.

Expert Solution

orchestra answered 2 years ago

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