Compute the sample statistic with a critical value
Suppose an insurance agent claims less than 5% of his life insurance policies ever have to pay out. You decide to test his claim at the a=0.1significance level. With a critical value of -2.33, compute the sample statistic.
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Assume that the data are from an independent-measures study using two separate samples, each with n = 6 participants. Compute the pooled variance and the estimated standard error for the mean difference.
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You decide to test his claim at the a=0.1significance level. With a critical value of -2.33, compute the sample statistic.
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