Suppose a data set of 33 observations has a sample mean of


Suppose a data set of 33 observations has a sample mean of -242.38 and a sample standard deviation of 65. Assume we are interested in whether the data is statistically different from -215 at the 5% level of significance.

Q1. What is the distribution of the test statistic?

a) Student-t distribution

b) Normal distribution

c) Uniform distribution

d) Binomial Distribution

e) None of the above

Q2. What is the value of the test statistic?

C) What are the critical values?

Lower Value is:

Higher Value is:

Solution Preview :

Prepared by a verified Expert
Finance Basics: Suppose a data set of 33 observations has a sample mean of
Reference No:- TGS01401694

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)