Perform a hypothesis test (t-test) and discuss skewness.
Please see attached information table.
Questions to be answered:
1. Given the information on the table, test the hypothesis that the mean is equal to two.
2. State the hypothesis to be tested, the decision rule, the test statistic and the decision.
3. Briefly describe what "skewness" measures.
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Questions to be answered:
1. Given the information on the table, test the hypothesis that the mean is equal to two.
2. State the hypothesis to be tested, the decision rule, the test statistic and the decision.
Questions 1 and 2 can be answered together.
The hypotheses that the mean is equal to 2 are as follows:
Null hypothesis, Ho: Mean is ...
Solution Summary
The following outlines the process of conducting a hypothesis test with a t-statistic. Additionally, a description of skewness is provided.