Using the Following Data, Compute the T-Statistic $\alpha$ = 005
22 19 23 26 18 22 21
31 30

question 43

Essay

Using the following data, compute the t-statistic.Use a known population mean of 28, a two-tailed test, and $\alpha$ = 0.05.
22 19 23 26 18 22 21
31 30 25 20 24 25 23

---

Definitions:

Third Year

Typically refers to the third year in a multi-year educational or professional program.

Newsvendor Model

A mathematical model used to determine optimal inventory levels for perishable or fashion goods, where demand is uncertain, aiming to balance the costs of understocking and overstocking.

Calculate

To determine the value or amount of something through mathematical processes or equations.

Formula

A mathematical relationship or rule expressed in symbols.