In: Math
Calculate sample mean and sample standard deviation for the given data. We get
Sample mean(
) = 0.1598
Sample size (n)= 10,
=0.12
Sample standard deviation(s)= 0.08980
1)
First calculate 98% confidence interval as follows.

Where tc is t critical value for c=98%
With df= n-1 =10-1 = 9
We calculate critical value using t table we get
tc= 2.821

(0.07968 <
<0.02399)
Lower bound=0.07968
Upper bound=0.02399
2)
Ho:
= 0.12
Ha: 
0.12
Calculate test statistics


t= 1.4015
Calculate P- value using TI-83 calculator we get p- value as follows.
P-value= 0.1946
C= 98% =0.98
=1-c = 1-0.98 =
0.02
Hence
= 0.02
Decision Rule:
If p-value 
then reject
Ho
If p-value >
then fail to
reject Ho
Here (p- value = 0.1946) > (
= 0.02)
Hence fail to reject Ho.