Examlex

Solved

Using the Following Data, Conduct a One-Tailed T-Test in the Upper

question 32

Short Answer

Using the following data, conduct a one-tailed t-test in the upper tail.Use a known population mean of 49 and α =
.05.
55 48 59 50 48 52 50 48 57 54
50 52 54 43 44 53 40 46 50 51 Xˉ=100420=50.2sX2=50818(1004)220201=417.219=21.958sX=21.958=4.69sXˉ=4.6920=1.05tobt =50.2491.05=+1.14tcrit =+1.729\begin{array}{l}\bar{X}=\frac{1004}{20}=50.2 \\\\s_{X}^{2}=\frac{50818-\frac{(1004)^{2}}{20}}{20-1}=\frac{417.2}{19}=21.958 \\\\s_{X}=\sqrt{21.958}=4.69 \\\\s_{\bar{X}}=\frac{4.69}{\sqrt{20}}=1.05 \\\\t_{\text {obt }}=\frac{50.2-49}{1.05}=+1.14 \\\\t_{\text {crit }}=+1.729\end{array}


Definitions:

Bond

A financial tool that signifies a lending agreement where an investor lends money to a borrower, usually a company or government entity, guaranteeing a fixed return.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.

Vintage

A term used to describe the age of an item, often indicating quality, rarity, and value, particularly in the context of wines, cars, and collectibles.

Related Questions