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EBK STATISTICS FOR BUSINESS AND ECONOMI
13th Edition
ISBN: 8220103633567
Author: Sincich
Publisher: PEARSON
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Textbook Question
Chapter 7, Problem 7.108LM
Specify the differences between a large-sample and small-sample test of hypothesis about a population mean α Focus on the assumptions and test statistics.
Expert Solution
![Check Mark](/static/check-mark.png)
To determine
To explain: The difference between the large samples and small samples for the hypothesis about a population mean.
Explanation of Solution
The hypothesis test about a population mean for a larger sample does not require any assumption because the central limit theorem states that the test statistic approximately has a normal distribution. For a small sample, assume that the population being sampled is normal.
- For a large sample, the test statistic is the z-statistic.
- For a small sample, the test statistic is the t statistic.
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Students have asked these similar questions
A hypothesis will be used to test that a population mean equals 9 against the alternative that the population mean is less than 9 with known variance . What is the critical value for the test statistic for the significance level of 0.025? Round your answer to two decimal places (e.g. 98.76).
Suppose you select a random sample of 16 students from a population that has mean of µ = 75 and standard deviation of ơ = 20. You want to know what would be considered a ‘typical’ sample mean for a sample of n = 16. To answer your question, you compute the two sample means that define the middle 95% of the distribution of sample means. Show your work, sketch the distribution, and shade in the area of interest. Hint: Sample means that are in the extreme 5% of the distribution (2.5% in each tail of the distribution) are considered ‘atypical’ or ‘extreme.’
Consider the following hypothesis test.
Ho: H = 15
На: и# 15
A sample of 50 provided a sample mean of 14.05. The population standard deviation is 3.
(a) Find the value of the test statistic. (Round your answer to two decimal places.)
(b) Find the p-value. (Round your answer to four decimal places.)
p-value
(c) At a = 0.05, state your conclusion.
Reject Ho. There is sufficient evidence to conclude that u # 15.
Reject Ho. There is insufficient evidence to conclude that u + 15.
Do not reject Ho. There is sufficient evidence to conclude that u + 15.
Do not reject Ho. There is insufficient evidence to conclude that u + 15.
O O O O
Chapter 7 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
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