7) Here is a single randomly generated sample of n 5 from a Normal distribution having mean of 10 and standard deviation of 2: 6.47 7.51 10.10 13.63 9.91 Although we know the true value of , suppose that we pretend that we do not know it and want to test the following hypotheses: Ho: 0=8 Ha: 000 8 a) Calculate the z statistic and its corresponding P-value. b) Is the test significant at the 5% level?

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7) Here is a single randomly generated sample of n = 5 from a Normal distribution having mean of 10 and standard deviation of 2:
6.47
7.51
10.10
13.63
9.91
Although we know the true value of ], suppose that we pretend that we do not know it and want to test the following hypotheses:
Ho: 0 = 8
Ha: 00I 8
a) Calculate the z statistic and its corresponding P-value.
b) Is the test significant at the 5% level?
c) Explain why this result is not surprising.
Transcribed Image Text:7) Here is a single randomly generated sample of n = 5 from a Normal distribution having mean of 10 and standard deviation of 2: 6.47 7.51 10.10 13.63 9.91 Although we know the true value of ], suppose that we pretend that we do not know it and want to test the following hypotheses: Ho: 0 = 8 Ha: 00I 8 a) Calculate the z statistic and its corresponding P-value. b) Is the test significant at the 5% level? c) Explain why this result is not surprising.
Expert Solution
Working
X (X-xbar)^2
6.47 9.326916
7.51 4.056196
10.1 0.331776
13.63 16.85924
9.91 0.148996

 

The mean is given by

\overline{x} = \frac{1}{n}\sum x
\overline{x} = \frac{47.62}{5} =9.524

 

The standard deviation is given by

\sigma =\sqrt{\frac{1}{n-1}\sum (x - \overline{x})^2}
\sigma =\sqrt{\frac{30.723}{4}} =2.7714

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