(All Steps) Consider the sample data below. 60 56 43 41 55 34 51 58 48 33 32 50 45 59 33 37 58 52 55 42 40 47 29 37 50 55 43 37 53 46 40 44 52 the following
Question:
Consider the sample data below.
| 60 | 56 | 43 | 41 | 55 | 34 | 51 | 58 | 48 | 33 | 32 |
| 50 | 45 | 59 | 33 | 37 | 58 | 52 | 55 | 42 | 40 | 47 |
| 29 | 37 | 50 | 55 | 43 | 37 | 53 | 46 | 40 | 44 | 52 |
the following hypothesis for the data:
Ho : u< 50
Ho : u > 50
Calculate the mean and the standard deviation
s
of the data as above:
(A) Compute the appropriate test statistic for testing Ho
(B) Determine the critical value for a = 0.05.
(C) Test Ho using the traditional/classical method.
(D) State the decision based on the results of the test.
(E) Had you used the p-value method of hypothesis testing, what would the p-value have been?
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