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A simple random sample of 100 concert tickets was drawn from a normal population. The mean and standard deviation of the sample were $120 and $25, respectively. Test the hypothesis H0: µ = 125 vs. H1: µ ≠125 at the 1% significance level. Rejection region: | t | > t0.05,99 = 1.66 Test statistic: t = -2.0 p-value one tail= 0.024 p-value two tail= 0.048
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A simple random sample of 100 concert tickets was drawn from a normal population. The mean and stand...
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