A) State Ho and H1 for this claim.
B) Is this an upper tailed, lower tailed or two-tailed test? Why?
C) State the decision rule using α = 0.05 significance level? [First find out tabular or critical z value using standard normal distribution table. Then, state the condition under which Ho is rejected).
D) Compute Z- statistic (z-calculated). z = .
E) What is the p-value? [To get the p-value for one-tailed test, first get the probability value in the normal distribution table using the computed Z value or use the web-based calculator at following link: http://www.graphpad.com/quickcalcs/PValue1.cfm].
F) What is your decision regarding Ho? ACCEPT or REJECT? Why?
G) Write your conclusion regarding the CFO’s claim? Was the claim correct or incorrect?
Recently Asked Questions
- I need help with a gift basket scope statement. (Develop a checklist that will be used by the customer to measure your performance for the project. This
- A Responsibility Matrix that uses the RACI terms should have only one person listed as: Responsible Accountable Consult Inform All of the Above - only one
- How would your plan change if the patient is African American