2.) Micheal will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,4
1 answer:
You might be interested in
- For this study, we should use t-test and the null and alternative hypotheses would be given by H₀: μ = 7 and H₁: μ < 7.
- The test statistic is -1.941 and the p-value (0.0381) is <u>greater than</u> α = 0.01.
- Based on this, we should <u>fail to reject</u> the null hypothesis.
- Thus, the final conclusion is that the data suggest the population mean is not significantly lower than 7 at α = 0.01, so there is statistically insignificant evidence to conclude that the population mean waiting time to be admitted into the hospital from the emergency room for patients at rural hospitals is equal to 7 hours.
A null hypothesis (H₀) can be defined the opposite of an alternate hypothesis (H₁) and it asserts that two (2) possibilities are the same.
<h3>How to calculate value of the test statistic?</h3>The test statistics can be calculated by using this formula:
<u>Where:</u>
- x is the sample mean.
- u is the mean.
- is the standard deviation.
- n is the number of hours.
For this study, we should use t-test and the null and alternative hypotheses would be given by:
H₀: μ = 7
H₁: μ < 7
t = -0.7/0.3606
t = -1.941.
For the p-value, we have:
P-value = P(t < -1.9412)
P-value = 0.0381.
Therefore, the p-value (0.0381) is <u>greater than</u> α = 0.01. Based on this, we should <u>fail to reject</u> the null hypothesis.
Thus, the final conclusion is that the data suggest the population mean is not significantly lower than 7 at α = 0.01, so there is statistically insignificant evidence to conclude that the population mean waiting time to be admitted into the hospital from the emergency room for patients at rural hospitals is equal to 7 hours.
Read more on null hypothesis here: brainly.com/question/14913351
#SPJ1