Hypothesis testing Mathematics & Economics Research (Other (Not Listed) Sample)
To conduct hypothesis testing on the given data and make the final conclusion and explain the working in every step.
source..QUESTION ONE (A)
For us to determine this question, we will conduct a hypothesis testing as shown below:
Where we start with hypothesis stating, calculation of test statistic, determination of acceptance and rejection region then lastly we will do our conclusion based on the results
Hypothesis stating Ho: µ=100 vs. Ha: µ >100
Where Ho is null hypothesis and Ha is alternative hypothesis and its worthy noting that our alternative is the researcher’s claim. It is worth noting that sample size n ≤ 30 in both cases we will use t-distribution tables.
Note that x is sample mean,µ is either population mean or given mean, n is sample size, t is test statistic, α is significance level, sqrt is square root and d.f is degrees of freedom
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