Solved: Consider that the critical value is cv for each h0, Basic Statistics

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Consider that the critical value is cv for each h0

Q1: Stats-Fin

For each of the claims below mention what type of test should be used (one-tail, two-tail) and set up the null and alternate hypothesis. Consider that the critical value is = CV. For each H0, mentioned the acceptance range.

a) The 87Cents Store claims that their daily profit is at least $5000.

b) The Pastry shop claims that its chocolate cookies at least 50% chocolate per cookie.

c) PS193 claims that its students scored in the 95^thile.

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Basic Statistics: Consider that the critical value is cv for each h0

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