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In Testing the Hypotheses
H0: μ = 60
HA: μ Xˉ\bar { X }

question 106

Essay

In testing the hypotheses
H0: μ = 60
HA: μ < 60
the following information was given: = 5, n = 100, Xˉ\bar { X } = 59, α = 0.05.
a. Calculate the value of the test statistic.
b. Set up the rejection region.
c. Determine the p-value.
d. Interpret the result.


Definitions:

Praxis

The process by which theory, lesson, or skill is enacted, embodied, or realized.

Theses on Feuerbach

Eleven short philosophical notes written by Karl Marx, critiquing the ideas of Ludwig Feuerbach and outlining the materialist perspective.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism, critiquing the capitalist system and advocating for a classless society.

Economic Logic

refers to the reasoning and analytical methods applied to understand economic phenomena, emphasizing efficiency and optimal decision-making.

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