A pair of running shoes had a regular price of $65.00. The shoes are on sale for 20% off. The sales tax is 8%. What is the total
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Given that:
Population Mean = 7.1
sample size = 24
Sample mean = 7.3
Standard deviation = 1.0
Level of significance = 0.025
The null hypothesis:
The alternative hypothesis:
This test is right-tailed.
Rejection region: at ∝ = 0.025 and df of 23, the critical value of the right-tailed test
The test statistics can be computed as:
t = 0.980
Decision rule:
Since the calculated value of t is lesser than, i.e t = 0.980 < , then we do not reject the null hypothesis.
Conclusion:
We conclude that there is insufficient evidence to claim that the population mean is greater than 7.1 at 0.025 level of significance.