Suppose that the average student buys 12 books a year. You have a theory that by offering a discount you can increase that number. You run a pilot project by offering the discount to a random sample of 25 students and you find that x = 14 and s = 4.32 State the null and alternative hypotheses Give the first symbol in the expression for Ho What is your conclusion in statistical terms? p-value a so accept Ho p-value a so reject Ho p-value a so fail to reject Ho
Suppose that the average student buys 12 books a year. You have a theory that by offering a discount you can increase that number. You run a pilot project by offering the discount to a random sample of 25 students and you find that x = 14 and s = 4.32 State the null and alternative hypotheses Give the first symbol in the expression for Ho What is your conclusion in statistical terms? p-value a so accept Ho p-value a so reject Ho p-value a so fail to reject Ho
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 5P
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