Equation stated is graphed below
Katie is buying a coat a winter coat the price of the code is $85 in the stores offer 25% off the coats what is the price of the
2 answers:
You might be interested in
Answer:
If we compare the p value and the significance level given for example we see that
so we can conclude that we can reject the null hypothesis, and the the true mean is significantly lower than 732 hours so we have enough evidence to reject the claim
Step-by-step explanation:
Data given and notation
represent the sample mean
represent the standard deviation for the population
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to determine if the true mean is at least 732 or no, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We know the population deviation, so for this case is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:
(1)
z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
Calculate the P-value
Since is a one-side lower test the p value would be:
Conclusion
If we compare the p value and the significance level given for example we see that
so we can conclude that we can reject the null hypothesis, and the the true mean is significantly lower than 732 hours so we have enough evidence to reject the claim