A random of 25 observations was drawn from a normal population. The sample mean and the sample standard deviation are 52 and 15 accordingly. Is there enough evidence at 10% significance level to infer that the population mean is not equal to 50? Estimate the population mean as well.
Let
t-value for n - 1 = 24 degrees of freedom and 10% significance level is 1.318.
With given significance level population mean belongs to the interval
The value of 50 fits into this interval, so we cannot infer that the population mean is not equal to 50.
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