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Business Statistics, 3rd Edition
book

Business Statistics, 3rd Edition

by Naval Bajpai
April 2024
Intermediate to advanced content levelIntermediate to advanced
921 pages
37h 16m
English
Pearson India
Content preview from Business Statistics, 3rd Edition
Chapter 10
PB
Statistical Inference: Hypothesis Testing for Single Populations
335
If the computed test statistic is between +1.96 and –1.96, the decision is to accept the null hypoth-
esis and if the computed test statistic is outside ±1.96, the decision is to reject the null hypothesis
(accept the alternative hypothesis).
Step 5: Collect the sample data
At this stage, a researcher collects the data. In this example, a sample of 200 respondents yields
a sample mean of `11,000.
Step 6: Analyse the data
The value of the sample statistic is calculated in this stage. From the example, n = 200,
x
=
11,000, s = 1200, and the hypothesized mean m = 10,000. ...
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Publisher Resources

ISBN: 9789390168996