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Hypothesis Test

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Please help me to understand how to perform the given testing method:

Perform the following hypothesis test using the 5 step hypothesis testing method:

Null Hypothesis, Ho: b = 0
Alternate Hypothesis, Ha: b # 0

Mean = 1.87
Standard Deviation = 0.63
Sample Size = 3
Significance Level, alpha = 0.05

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Solution Summary

This solution provides a step-by-step method of performing a hypothesis test. All the steps of hypothesis testing (formulation of null and alternate hypotheses, selection of significance level, choosing the appropriate test-statistic, decision rule, calculation of test-statistic and conclusion) have been explained and the statistical analysis has been shown in details.

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