Solved: The sample mean was 13 and the sample standard deviation 34, Business Management

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The sample mean was 13 and the sample standard deviation 34

H₀: μ ≤ 10

H₁: μ > 10

A random sample of 10 observations is selected from a normal population. The sample mean was 13 and the sample standard deviation 3.4. Using the 0.01 significance level:

State the decision rule:

Compute the value of the test statistic:

What is your decision regarding the null hypothesis?

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Business Management: The sample mean was 13 and the sample standard deviation 34

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Business Management: The sample mean was 13 and the sample standard deviation 34

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