Find the simple interest earned after 12 years on $1,350 at an interest rate of 8%.
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Answer:
We conclude that the mean nicotine content is less than 31.7 milligrams for this brand of cigarette.
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = 31.7 milligrams
Sample mean, = 28.5 milligrams
Sample size, n = 9
Alpha, α = 0.05
Sample standard deviation, s = 2.8 milligrams
First, we design the null and the alternate hypothesis
We use One-tailed t test to perform this hypothesis.
Formula:
Putting all the values, we have
Now,
Since,
We fail to accept the null hypothesis and accept the alternate hypothesis. We conclude that the mean nicotine content is less than 31.7 milligrams for this brand of cigarette.