Park officials make predictions of times to the next eruption of a particular geyser, and collect data for the errors (minutes) in those predictions. The display from technology available below results from using the prediction errors to test the claim that the mean prediction error is equal to zero. Comment on the accuracy of the predictions. Use a 0.05 significance level. Identify the null and alternative hypotheses, test statistic, P-value, and state the final conclusion that addresses the original claim. Difference: -0.479 t (Observed value): -7.60 | t | (Critical value): 1.986 DF: 94 p-value (Two-tailed): <0.0001 alpha: 0.05
Identify the null and alternative hypotheses
H0 : i.e. the mean prediction error is equal to zero
H1 : i.e. the mean prediction error is not equal to zero
Test statistic (as provided)
t (Observed value): -7.60
P-value (as provided)
p-value (Two-tailed): <0.0001
State the final conclusion
Since p-value < 0.05, we reject H0. There is strong evidence against the null hypothesis. We conclude that the the mean prediction error is not equal to zero.
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