The critical value for a 5 percent level of significance is: a 1.493         b 1.656         c 1.761         d 1.873

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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10 The critical value for a 5 percent level of significance is:
a 1.493        
b 1.656        
c 1.761        
d 1.873        
Questions 8-12 are related to the following:
Consider the following hypothesis test.
Ho: μ 2 120
H1: µ< 120
8
This test is:
An upper-tail test.
A lower-tail test.
a
A two-tail test.
d
A closed-interval test.
You obtain the following random sample to test the hypothesis in the previous question.
134
100
90
128
156
123
138
123
114
106
63
161
114
82
113
113
83
75
123
112
138
141
141
130
60
143
102
128
84
119
142
89
126
159
72
126
112
60
119
97
136
153
116
132
89
110
94
145
107
130
98
124
139
134
126
106
122
95
153
100
96
177
127
107
108
71
79
140
98
168
138
143
76
118
107
115
102
143
98
126
141
153
99
99
119
107
73
158
143
108
111
104
67
128
86
109
91
190
113
99
142
156
123
95
138
107
153
108
116
118
139
125
123
102
127
114
83
127
126
124
84
109
102
129
83
87
116
89
84
128
105
88
130
124
131
93
145
147
138
98
113
155
114
81
Transcribed Image Text:Questions 8-12 are related to the following: Consider the following hypothesis test. Ho: μ 2 120 H1: µ< 120 8 This test is: An upper-tail test. A lower-tail test. a A two-tail test. d A closed-interval test. You obtain the following random sample to test the hypothesis in the previous question. 134 100 90 128 156 123 138 123 114 106 63 161 114 82 113 113 83 75 123 112 138 141 141 130 60 143 102 128 84 119 142 89 126 159 72 126 112 60 119 97 136 153 116 132 89 110 94 145 107 130 98 124 139 134 126 106 122 95 153 100 96 177 127 107 108 71 79 140 98 168 138 143 76 118 107 115 102 143 98 126 141 153 99 99 119 107 73 158 143 108 111 104 67 128 86 109 91 190 113 99 142 156 123 95 138 107 153 108 116 118 139 125 123 102 127 114 83 127 126 124 84 109 102 129 83 87 116 89 84 128 105 88 130 124 131 93 145 147 138 98 113 155 114 81
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