Suppose that you are to conduct the following hypothesis test:
Ho: μ = 500 H1: μ ≠ 500
Assume that you know that σ = 90, n = 44, x̄ = 481.1, and take α = 0.005. Draw the sampling distribution, and use it to determine each of the following:
A. The value of the standardized test statistic: -0.6
B. The rejection region for the standardized test statistic: (-∞, -2.5758293035489) ∪ (2.5758293035489, ∞)
C. The p-value is 0.16362510931288
D. Your decision for the hypothesis test:
A. Do Not Reject Ho.