A laptop company ThinClick claims to have the lightest laptop out on the market, the Litetop, with a reported weight of 2.0 lbs. A laptop review company wasn’t sure about this claim and thinks it is different, so they took a sample of 260 Litetop laptops and calculated a mean weight of 2.04 lbs.
What is the parameter of interest?
What are the null and alternative hypotheses?
What are the conditions for one-sample t-procedures?
Suppose that this study was a two-sided test using an α = 0.04 with the null and alternative hypotheses being H0: μ = 2 versus Ha: μ ≠2. A 96% confidence interval was calculated to be (1.99lbs, 2.05lbs). What should the conclusion be?
Suppose that the p-value was calculated to be 0.07. How would you interpret the p-value in context?