In Testing the Hypotheses:
H0: μ = 40
HA: μ $\bar { X }$

question 21

Essay

In testing the hypotheses:
H0: μ = 40
HA: μ  40
the following information was given:  = 5.5, n = 25, $\bar { X }$ = 42, α = 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.

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Definitions:

Minimal Credit Sales

The lowest volume of sales that a company makes on credit, impacting cash flow and credit management.

Restrictive Policy

Economic policies implemented to reduce inflation, stabilize currency, or restrict credit growth through measures such as increasing interest rates or reducing government spending.

Flexible Policy

A strategy or approach that is adaptable and able to change in response to external conditions or new information.

Short-Term Bank Loans

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