Examlex

Solved

In Testing the Hypotheses H0:μ=40H _ { 0 } : \mu = 40

question 110

Essay

In testing the hypotheses: H0:μ=40H _ { 0 } : \mu = 40 H1:μ40,H _ { 1 } : \mu \neq 40, the following information was given: σ=5.5,n=25,xˉ=42,α=0.10\sigma = 5.5 , \quad n = 25 , \quad \bar { x } = 42 , \quad \alpha = 0.10 , and the sampled population is normally distributed.
a. Calculate the value of the test statistic.
b. Set up the rejection region.
c. Determine the p-value.
d. Interpret the result.


Definitions:

Semi-Annual

Occurring twice a year; often refers to the payment frequency of bond interest or dividends.

Coupon Bond

A debt security that pays the holder interest payments at predefined intervals until maturity, at which point the principal is repaid.

Ask Price

The lowest price a seller is willing to accept for a security, often used in contrast with the bid price, which is the highest price a buyer is willing to pay.

Wall Street Journal

A leading American business-focused, English-language international daily newspaper based in New York City.

Related Questions