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    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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    https://brainmass.com/statistics/hypothesis-testing/hypothesis-testing-claim-mean-weekly-sales-392806

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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 = ...

    Solution Summary

    The solution provides critical values from standard normal tables. A graph showing the rejection region is also included.

    $2.19

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