Math Problem Statement

Test the hypothesis that the population mean bail (mu) is 50.

To do that with Rcmdr/EZR, go to: Statistical analysis -> Continuous variables -> Single sample t-test , choose the variable, and enter your H0 and H1.

Set alpha (α) = 0.05.

Test statistic = 1.968376 Correct

df (if not applicable, put 0) = 21 Correct

What type of test statistic is this?

t Correct

p-value = 0.06236669 Correct

Decision: Fail to reject H0 Correct

We are 95% confident that the population parameter is somewhere in the interval: 22 Incorrect < μ < 50 Incorrect

What does all this tell us, in plain English? Is it reasonable to conclude that the population mean is $50? yes Correct

Could we have made a Type I error, or a Type II error, or is it impossible that we made any error at all (neither)? can you answer the part where it says "We are 95% confident that the population parameter is somewhere in the interval:"

Solution

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Math Problem Analysis

Mathematical Concepts

Hypothesis Testing
Confidence Interval
Single Sample t-test
Statistical Significance
Type I and Type II Errors

Formulas

t = (x̄ - μ) / (s / √n)
Confidence Interval = x̄ ± t* × SE
Standard Error (SE) = s / √n

Theorems

Central Limit Theorem
t-Distribution Properties

Suitable Grade Level

Undergraduate Statistics