In: Statistics and Probability
Sample size = 10. Population is normal. The sample mean is 1.3 million. Sample standard deviation is 0.9million. Alpha ( level of significance) is 1%. Ho: Mu > or equal to 1.5 million Ha: Mu< 1.5 million a. What is the critical value? B. What is the test statistics t score? C . Do you reject or accept the null hypothesis?
Ho: > = 1.5 million
Ha: < 1.5 million (Left Tailed test)
Given,
Hypothesized Mean : = 1.5 million
Sample size : n= 10
sample mean : = 1.3 million
Sample standard deviation : s = 0.9million
Alpha ( level of significance) =1%(0.01)
Degrees of freedom = n-1 = 10-1 =9
a. What is the critical value?
For Left tailed test: Critical value :(left tail)
B. What is the test statistics t score?
test statistics t score = -0.7027
C . Do you reject or accept the null hypothesis?
As Calculated Value of t is greater than Critical Value i.e. ( -0.7027>-2.8214 ); Fail To Reject Null Hypothesis i.e Accept null hypothesis.
Accept the null hypothesis