What is the size of the test, Microeconomics

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What is the size of the test

Suppose you want to test the null hypothesis that the mean value of the bill in the box is 9 against the alternative that it is less than 9. Assume that you know that the standard deviation of the value of a bill in the box is 7.96. Your decided that you will reject the null if the average value from 5 draws is less than 6. What is the size of your test?

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Microeconomics: What is the size of the test

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Microeconomics: What is the size of the test

Reference No:- TGS071322

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Strikes and lockouts on business activities

Q : How much of the property taxes may phil deduct

Q : What would april''s total cash receipts be

Q : Compute the predetermined overhead rate

Q : What is the size of the test

Q : Report indicating the potential issues

Q : What is the project''s net present value

Q : What is the book vaule of the equipment at december

Q : Show the quantity of imported steel

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the size of the test

Reference No:- TGS071322

Recent Questions Asked Microeconomics

Q : Strikes and lockouts on business activities

Q : How much of the property taxes may phil deduct

Q : What would april''s total cash receipts be

Q : Compute the predetermined overhead rate

Q : What is the size of the test

Q : Report indicating the potential issues

Q : What is the project''s net present value

Q : What is the book vaule of the equipment at december

Q : Show the quantity of imported steel

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