A sample of 50 provided a sample mean of 194 the population, Business Economics

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A sample of 50 provided a sample mean of 194 the population

Consider the following hypothesis test:

20:0≥μH

20:<μAH

A sample of 50 provided a sample mean of 19.4. The population standard deviation is 2.

a. Compute the value of the test statistic.

b. What is the p-value?

c. Using , what is your conclusion? 05.0=α

d. what is the rejection rule using the critical value? What is your conclusion?

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Business Economics: A sample of 50 provided a sample mean of 194 the population

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Business Economics: A sample of 50 provided a sample mean of 194 the population

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