a.
Find the test statistic and p-value.
State the conclusion for given level of significance.
a.
Answer to Problem 35SE
The test statistic is 1.5 and the p-value is 0.1544.
The conclusion is that null hypothesis is not rejected.
Explanation of Solution
Calculation:
The given information is that, the sample mean is
The test hypotheses are given below:
Null hypothesis:
Alternative hypothesis:
The formula for test statistic is,
Where
Substitute
Thus, the test statistic is 1.5.
Degrees of freedom:
p-value:
Software procedure:
Step-by-step software procedure to obtain p-value using EXCEL is as follows:
- Open an EXCEL file.
- In cell A1, enter the formula “=T.DIST.2T(1.5, 15)”
- Output using Excel software is given below:
Thus, the p-value for two-tailed test is 0.1544.
Decision rule:
If
Conclusion for p-value method:
Here, the p-value is greater than the level of significance.
That is,
Therefore, the null hypothesis is not rejected.
b.
Find the test statistic and p-value.
State the conclusion for given level of significance.
b.
Answer to Problem 35SE
The test statistic is –2 and the p-value is 0.0285.
The conclusion is that null hypothesis is rejected.
Explanation of Solution
Calculation:
The given information is that, the sample mean is
The test hypotheses are given below:
Null hypothesis:
Alternative hypothesis:
Substitute
Thus, the test statistic is –2.
Degrees of freedom:
p-value:
Software procedure:
Step-by-step software procedure to obtain p-value using EXCEL is as follows:
- Open an EXCEL file.
- In cell A1, enter the formula “=T.DIST(–2, 24,1)”
- Output using Excel software is given below:
Thus, the p-value for left-tailed test is 0.0285.
Conclusion for p-value method:
Here, the p-value is less than the level of significance.
That is,
Therefore, the null hypothesis is rejected.
c.
Find the test statistic and p-value.
State the conclusion for given level of significance.
c.
Answer to Problem 35SE
The test statistic is 3.75 and the p-value is 0.0003.
The conclusion is that null hypothesis is rejected.
Explanation of Solution
Calculation:
The given information is that, the sample mean is
The test hypotheses are given below:
Null hypothesis:
Alternative hypothesis:
Substitute
Thus, the test statistic is 3.75.
Degrees of freedom:
p-value:
Software procedure:
Step-by-step software procedure to obtain p-value using EXCEL is as follows:
- Open an EXCEL file.
- In cell A1, enter the formula “=T.DIST.RT(3.75, 35)”
- Output using Excel software is given below:
Thus, the p-value for right-tailed test is 0.0003.
Conclusion for p-value method:
Here, the p-value is less than the level of significance.
That is,
Therefore, the null hypothesis is rejected.
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Chapter 9 Solutions
APPLIED STAT.IN BUS.+ECONOMICS
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