Critical values
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Suppose that a company claims that their mean weekly sales are $17,350. A random sample of 35 weeks yields a sample mean of = $10,450, with a sample standard deviation of s = $1,500.
Given that a pair of hypotheses that correspond to the claim are:
H0: μ = 17,350
H1: μ ± 17,350
Find the critical values for the hypothesis test. Assume that the significance level is a = 0.08.
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Solution Summary
The solution provides critical values from standard normal tables. A graph showing the rejection region is also included.
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Suppose that a company claims that their mean weekly sales are $17,350. A random sample of 35 weeks yields a sample mean of = ...
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