For the Given Rejection Region, Sketch the Sampling Distribution for Z

question 107

Essay

For the given rejection region, sketch the sampling distribution for z and indicate the location of the rejection region.
-A sample of 6 measurements, randomly selected from a normally distributed population, resulted in the following summary statistics: $\bar { x } = 9.1 , s = 1.5$ . Test the null hypothesis that the mean of the population is 10 against the alternative hypothesis $\mu < 10$ . Use $\alpha = .05$ .

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Definitions:

Foreign Exchange Gain

A profit that results from a favorable change in exchange rates affecting the value of investments held in foreign currencies.

Foreign Exchange Loss

A loss resulting from holding foreign currencies or foreign currency transactions when the exchange rate moves unfavorably.

Export Sale

A transaction where goods or services produced in one country are shipped to another country for sale.