Briana is excited because she has just been hired by a family to babysit on Saturdays. She’s looking forward to earning some ext
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Answer:
We accept the null hypothesis and the population mean is $120.
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 100
Sample mean, = $120
Alpha, α = 0.01
Sample standard deviation, s = $25
First, we design the null and the alternate hypothesis
We use two-tailed t test to perform this hypothesis.
Formula:
Putting all the values, we have
p-value one tail= 0.024
p-value two tail= 0.048
Conclusion:
Since the p-value for two tailed test is greater than the significance level, we fail to reject the null hypothesis and accept it.
Thus, the population mean is $120.
Answer:
Step-by-step explanation:
The following is the logarithm quotient rule:
Plugging in the values we have above gives us the following: