need to find the critical value and Id rejection region An e
Solution
Formulating the null and alternative hypotheses,              
               
 Ho:   u   =   22300  
 Ha:    u   =/   22300   [ANSWER, OPTION C]
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 As we can see, this is a    two   tailed test.      
               
 Thus, getting the critical t,              
 df = n - 1 =    9          
 tcrit = 3.249835542, -3.249835542 [ANSWER, CRITICAL VALUES]
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Thus, we reject Ho is t < -3.249835542 or t > 3.249835542. [ANSWER, REJECTION REGION]
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 Additional information:
Getting the test statistic, as              
               
 X = sample mean =    21823.7          
 uo = hypothesized mean =    22300          
 n = sample size =    10          
 s = standard deviation =    2627.895569          
               
 Thus, t = (X - uo) * sqrt(n) / s =    -0.573155519          
               
 Also, the p value is              
               
 p =    0.580575555          
               
 Comparing t and tcrit (or, p and significance level), we   FAIL TO REJECT THE NULL HYPOTHESIS.          
               

