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Testing Population Mean Hypothesis

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Test the hypothesis that a population mean is 14 against the alternate that it is NOT 14. Use an alpha of 1%. A sample of 500 will be taken. The sample standard deviation is 6.4. The computed sample mean is 14.7356.

? Use the full, formal, hypothesis testing model.
? Calculate the p-value.
? State your conclusions both in statistical terms and in conversational English

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Solution Summary

The expert tests the population mean in hypothesis. Your conclusions both in statistical terms and in conversational English is stated.

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