Use the Following to Answer Questions : in a Hypothesis

question 80

Short Answer

Use the following to answer questions : In a hypothesis test with hypotheses H₀ : μ=90 and H₁ : μ ≠ 90 , a random sample of 103 elements selected from the population produced a mean of 94.3. Assume that σ = 22.1, and that the test is to be made at the 5% significance level.
-Should you reject or fail to reject the null hypothesis in this test? (State your answer as "reject" or "fail to reject",but don't include the quotation marks.)

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Present Value

The value today of a sum of money or sequence of cash flows expected in the future, discounted by a certain rate of return.

Interest Rate

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