Answer:
We see that the p value is lower than the significance level given of 0.05. So then we have enough evidence to reject the null hypothesis and we can say that we have a significantly reduction in the traffic.
Step-by-step explanation:
Data given
represent the sample mean
represent the sample standard deviation
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)
System of hypothesis
We need to conduct a hypothesis in order to check if the true mean is less than 750 (reduction), the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Calculate the statistic
We can replace in formula (1) the info given like this:
P-value
The degrees of freedom are given by:
Since is a one sided lef tailed test the p value would be:
Conclusion
We see that the p value is lower than the significance level given of 0.05. So then we have enough evidence to reject the null hypothesis and we can say that we have a significantly reduction in the traffic.