Test the claim about the population mean, µ at the given level of significance using the given sample statistics.
Claim: µ=7000: a = 0.03. Statistics x =7400, s = 344, n = 37
Compute the standardized test statistic.
The standarized test statistic is _____
Determine the critical value(s) select the correct choice below and fill in the answer box to complete you choice
A) The critcal values are +______
B) The critical value is ______
Determine the outcome and conclusion of the test. CHoose Below
A) fail to rejectHo. At the 3% signnificance level, there is enough evidence to support the claim.
B) reject Ho.At 3% signnificance level, there is not enough evidence to support the claim.
C) reject Ho At the 3% signnificance level, there is not enough evidence to reject the claim.
D) reject Ho At the 3% signnificance level, there is enough evidence to reject the claim.