Bjork Larsen was trying to decide whether to use a new racin
Solution
A)
Formulating the null and alternative hypotheses,
Ho: u >= 55
Ha: u < 55
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B)
As we can see, this is a left tailed test.
Getting the test statistic, as
X = sample mean = 53.66666667
uo = hypothesized mean = 55
n = sample size = 9
s = standard deviation = 6.790802604
Thus, t = (X - uo) * sqrt(n) / s = -0.589031994 [ANSWER]
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c)
Thus, getting the critical t,
df = n - 1 = 8
tcrit = - 2.896459448 [ANSWER]
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d)
Reject Ho when t < -2.896 [ANSWER]
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e)
As t is not less than -2.896, then we FAIL TO REJECT HO.
There is no significant evidence that the average is less than 55 s, so he shouldn\'t buy it.
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Also, the p value is
p = 0.286046498 [ANSWER]
