Use a T-Test to Test the Claim μ ≥ 9 $\mathrm { n } = 10 , \overline { \mathrm { x } } = 8.8 , \text { and } s = 1.3$

question 123

Essay

Use a t-test to test the claim μ ≥ 9.7 at α = 0.05, given the sample statistics $\mathrm { n } = 10 , \overline { \mathrm { x } } = 8.8 , \text { and } s = 1.3$ Round the test statistic to the nearest thousandth .

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the accounting books but not yet cashed or cleared by the bank.

Automatic Transfer

A banking service that automatically moves funds from one account to another at scheduled times or under specific conditions.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks outstanding, deposits in transit, and other discrepancies.

Check Register

A record kept by an individual or institution to track checks written, deposits made, and the current balance of a checking account.