Consider the following hypothesis test.Ho: Hs 50На: и > 50A sample of 60 is used and the population standard deviation is 8. Use the critical value approach to state your conclusion for each of the following sample results. Usea = 0.05. (Round your answers to two decimal places.)(а) х 3D 52.5Find the value of the test statistic.2.4206State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.)test statistic <test statistic >State your conclusion.Reject Ho. There is insufficient evidence to conclude that u > 50.Do not reject Ho. There is sufficient evidence to conclude that u > 50.Reject Ho. There is sufficient evidence to conclude that u > 50.Do not reject Ho. There is insufficient evidence to conclude that u > 50.(b) х %3D 51Find the value of the test statistic.State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.)test statistic <test statistic >O O O O

(a) X = Sample Mean = 52.5n = Sample Size = 60 μ =Population Mean = 50σ = Population Standard…

Consider the following hypothesis test. Ho: Hs 50 Hiu > 50 A sample of 60 is used and the population standard deviation is 8. Use the critical value approach to state your conclusion for each of the following sample results. Use a = 0.05. (Round your answers to two decimal places.) (a) x = 52.5 Find the value of the test statistic. 2.4206 State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.) test statistic s test statistic 2 State your conclusion. O Reject Ho. There is insufficient evidence to conclude that µ > 50. O Do not reject Ho. There is sufficient evidence to conclude that u > 50. O Reject Ho. There is sufficient evidence to conclude that u > 50. Do not reject Ho. There is insufficient evidence to conclude that µ > 50. (b) x = 51 Find the value of the test statistic. State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.) test statistic s test statistic 2

Consider the following hypothesis test. Ho: Hs 50 Hiu > 50 A sample of 60 is used and the population standard deviation is 8. Use the critical value approach to state your conclusion for each of the following sample results. Use a = 0.05. (Round your answers to two decimal places.) (a) x = 52.5 Find the value of the test statistic. 2.4206 State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.) test statistic s test statistic 2 State your conclusion. O Reject Ho. There is insufficient evidence to conclude that µ > 50. O Do not reject Ho. There is sufficient evidence to conclude that u > 50. O Reject Ho. There is sufficient evidence to conclude that u > 50. Do not reject Ho. There is insufficient evidence to conclude that µ > 50. (b) x = 51 Find the value of the test statistic. State the critical values for the rejection rule. (If the test is one-tailed, enter NONE for the unused tail.) test statistic s test statistic 2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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