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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