MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A survey of 64 companies revealed that the median price charged for a certain trial was $13 with a standard deviation $7 do these data provide sufficient evidence to indicate that the population mean is greater than $11. Consider the significance of 10%.

1. The parameter of interest is:
2. The hypotheses for this test are:
3. The calculated test statistic is:
4. The critical region is:
5. Draw the critical zone (make decision):
6. It can be concluded that:

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