Given the following hypotheses: H0: μ ≤ 8H1: μ > 8 A random sample of 10 observations is selected from a normal population. The sample mean was 11 and the sample standard deviation was 4.6. Using the 0.1 significance level: State the decision rule. (Round your answer to 3 decimal places.) Compute the value of the test statistic. (Negative answers should be indicated by a minus sign. Round your answer to 3 decimal places.) What is your decision regarding the null hypothesis?

Given the hypothesis H0: μ ≤ 8 H1: μ > 8 at α=0.1 n=10, X =11 and SD=4.6 The degree of…

Answered: Given the following hypotheses: H0:…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given the following hypotheses:

H₀: μ ≤ 8

H₁: μ > 8

A random sample of 10 observations is selected from a normal population. The sample mean was 11 and the sample standard deviation was 4.6. Using the 0.1 significance level:

State the decision rule. (Round your answer to 3 decimal places.)

Compute the value of the test statistic. (Negative answers should be indicated by a minus sign. Round your answer to 3 decimal places.)

What is your decision regarding the null hypothesis?

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