Test Hypotheses About a Population Mean with Unknown
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question 117

Short Answer

Test Hypotheses about a Population Mean with Unknown
- $$\text { Use a t-test to test the claim } \mu = 15.3 \text { at } \alpha = 0.01 \text {, given the sample statistics } \mathrm { n } = 12 , \overline { \mathrm { x } } = 14.8 \text {, and } \mathrm { s } = 2.1 \text {. }$$

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Definitions:

Consideration

In contract law, it refers to something of value exchanged between parties as the basis for a contract.

Bargained-for Exchange

Bargained-for exchange is a legal concept where parties agree to provide something of value to each other, forming the basis of a contract.

Illusory Promise

A statement that appears to be a binding commitment but allows for so much discretion that it does not legally bind the party making it.

Promisor

The party in a contract who makes a promise to perform or provide a benefit to the promisee.