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Calculating p-value for testing the hypothesis

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A statistician was testing the following hypotheses:
Ho: μ = 500 vs. Ha: μ ≠ 500.
The p-value approach was to be used. A sample of size 49 gave a sample mean of 508. Given that σ = 30 2, and α = 0.01, find the p-value, and write your conclusion.

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Solution Summary

The given hypothesis testing problem is solved by p-value approach

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