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Unformatted text preview: 2. State the null and the alternative hypotheses 3. Choose the significance level, α 4. Find the critical value(s) and state the decision rule. ECO 221, SP 2014 Rollins College Prof. M. Vidovic 5. Compute the test statistic and check the assumptions required for the test statistic are reasonable 6. Make decision: reject the null or do not reject the null 7. State the conclusion 8. Construct the 95% confidence interval for the population average coffee consumption of U.S. adults....
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 Spring '14
 Vidovic
 Economics, Statistics, Null hypothesis, Statistical hypothesis testing, Prof. M. Vidovic, average coffee consumption

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