The provided sample mean is and the known population standard deviation is σ=5, and the sample size is n = 50
1) Null and Alternative Hypotheses
This corresponds to a left-tailed test, for which a z-test for one mean, with known population standard deviation will be used.
2 .Test Statistics
The z-statistic is computed as follows:
= −5.657
Using the P-value approach: P value is the value to the left of -5.657 . That is, the p-value is p = 0 and since p=0<0.05, it is concluded that the null hypothesis is rejected.
It is concluded that the null hypothesis Ho is rejected. Therefore, there is enough evidence to claim that the population mean μ is less than 300, at the 0.05 significance level.
confidence interval :
formula :
We need to construct the 95% confidence interval for the population mean μ. Using Z table or ti84, the critical value for α=0.05 is . The corresponding confidence interval is computed as shown below:
[ 294.614,297.386 ]
Therefore, based on the data provided, the 95% confidence interval for the population mean is 294.614<μ<297.386, which indicates that we are 95% confident that the true population mean μ is contained by the interval (294.614, 297.386)
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