QUESTION 19

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.

Month Sales

January 440

February 480

March 590

April 400

May 500

June 550

July 470

August 500

September 600

October 520

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.

Month Sales

January 440

February 480

March 590

April 400

May 500

June 550

July 470

August 500

September 600

October 520

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