A pharmaccetuical firm maintains that the mean time for a drug to take effect is 24 minutes.In a sample of 400 trails ,the mean time is 26 mintues with a standard deviation of 4minutes.test the hypothesis that the mean time is 24 minute against the alternative that it is not equal to 24 min.use a level of signifixance
The provided sample mean is and the sample standard deviation is
The sample size is The number of degrees of freedom are
and the significance level is
The following null and alternative hypotheses need to be tested:
This corresponds to a two-tailed test, for which a t-test for one mean, with unknown population standard deviation will be used.
Based on the information provided, the critical value for a two-tailed test is
The rejection region for this two-tailed test is
The t-statistic is computed as follows:
Since it is observed that it is then concluded that the null hypothesis is rejected. Therefore, there is enough evidence to claim that the population mean is different than 24, at the 0.01 significance level.
Using the P-value approach: The p-value is and since it is concluded that the null hypothesis is rejected. Therefore, there is enough evidence to claim that the population mean is different than 24, at the 0.01 significance level.
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