Test the Given Claim $\begin{array} { l l l l l l l } 54 & 59 & 69 & 84 & 74 & 64 & 69 \end{array}$

question 16

Essay

Test the given claim. Use the P-value method or the traditional method as indicated.
the null hypothesis, alternative hypothesis, test statistic, critical value(s)or P-value,
conclusion about the null hypothesis, and final conclusion that addresses the original claim.
The mean resting pulse rate for men is 72 beats per minute. A simple random sample of
men who regularly work out at Mitch's Gym is obtained and their resting pulse rates (in beats
per minute)are listed below. Use a 0.05 significance level to test the claim that these sample
pulse rates come from a population with a mean less than 72 beats per minute. Assume that
the standard deviation of the resting pulse rates of all men who work out at Mitch's Gym is
known to be 6.6 beats per minute. Use the traditional method of testing hypotheses. $\begin{array} { l l l l l l l } 54 & 59 & 69 & 84 & 74 & 64 & 69 \end{array}$
$\begin{array} { l l l l l l l } 70 & 66 & 80 & 59 & 71 & 76 & 63 \end{array}$

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Definitions:

Contractual Obligations

Commitments that must be upheld as per the terms of a contract, ensuring all parties fulfill the agreed-upon requirements and conditions.

Liquidation

The process of winding up a company's operations, selling off its assets to pay off debts, and distributing any remaining assets to shareholders.

Treasury Stock

Shares that were once a part of the outstanding shares of a company's stock but were later repurchased by the company and are now held in the company’s treasury.

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as stockholders' equity or owners equity.