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Samples - hypothesis test for a single population mean of a quantitative variable

Please conduct a hypothesis test for a single population mean of a quantitative variable equal to a given number.
For example, test the hypothesis that the population mean of the intrinsic is equal to 5 or not.

Use all 25 data rows. Since n<30, use a t statistic.

For this and any hypothesis test, number the five steps as in the book.

Please provide the following summary table.
Null and Alternative Hypotheses
H0:
H1:
Significance Level
Degrees of freedom
Critical Value α =
df =
tcrit =
Test Value
t=
Decision

Write this as a coherent integrated report with an introduction, description of methods, results, interpretation of results, and conclusion, with references.

Please see the attached Excel sheet for the required data.

Attachments

Solution Preview

An Introduction:
Qualitative Data:
In qualitative analysis data are classified on the basis of descriptive characteristics or on the basis of attributes like sex, literacy, religion, education , etc., which cannot be measured.
So from the given data set Gender, Age, Department, Position and Tenure are qualitative data.

Quantitative Data:
Quantitative Data is based on such characteristics which are capable of quantitative ...

Solution Summary

A tutorial for conducting a hypothesis test is provided.

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