What would be your decision if a hypothesis test was conducted on this problem with the null hypothesis given as H0 : µ ≥ 2 and the alternate hypothesis given as H1 < 2?
Reject H0 at the 10%, 5% and 1% level of significance.
Reject H0 at the 10% and 5% level of significance but do not reject H0 at the 1% level of significance.
Reject H0 at the 10% level of significance but do not reject H0 at the 5% or 1% level of significance.
Do not reject H0 at either the 10%, 5% or 1% level of significance.
The following information refers to the next two questions:
Refer to the following table which contains the sales (in $,000) for a department store for the first ten months of the year.
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