Unformatted text preview: Where is the estimated mean and S 2 is the estimated variance based on n random observations. The above statistic is distributed as a tdistribution with parameter d.f. = ν = (n1). If the absolute value of the computed Tstatistic is “too large" compared with the critical value of the ttable, then one rejects the claimed value for the population's mean. This test could also be used for testing similar claims for other unimodal populations including those with discrete random variables , such as proportion, provided there are sufficient observations (say, over 30)....
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This note was uploaded on 10/05/2011 for the course ECO 6416 taught by Professor Staff during the Spring '08 term at University of Central Florida.
 Spring '08
 Staff

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