Perform hypothesis testing on one variable's data. (Choose either the intrinsic or extrinsic column.) Perform a t-test by formulating a null and an alternative statement, choosing an acceptable significance value, selecting the test statistic and determining its value from the sample data, comparing the observed value to the critical value obtained and determining whether to reject or fail to reject the null hypothesis.
In a separate paragraph, provide some information on when to use a t-test and when to use a z-test and why. Also, provide some information about why samples are used instead of populations.
Data set can be found here
The solution contains detailed explanation of testing hypotheses based on a given data seta. An argument of when t-test and or z-test should be used is given.