Consider the following hypothesis from a sample of 22 observations that has the value ?=2.24:?0:?=8??:?>8 What are the degrees of freedom for this statistic?Give the two critical values ?∗from t Distribution table that bracket t.Between what two values does the P-value of the test fall?Is the value ?=2.24 statistically significant at the 5% level? Is it statistically significant at the 1% level?

Since we answer only up to 3 sub-parts, we are answering the first three. Kindly post the question…

Answered: Consider the following hypothesis from…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Question

Consider the following hypothesis from a sample of 22 observations that has the value ?=2.24:

?0:?=8

??:?>8

What are the degrees of freedom for this statistic?
Give the two critical values ?∗from t Distribution table that bracket t.
Between what two values does the P-value of the test fall?
Is the value ?=2.24 statistically significant at the 5% level? Is it statistically significant at the 1% level?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions