Use the P-value method to test the claim that for the adult
population of one town, the mean annual salary is $30,000. Sample
data are summarized as n = 17, = $22,300 and s =
$14,200. Use a significance level of α = 0.05. Is the
assumption correct?
- State the requirement
- State the null and alternative hypotheses with the correct
symbols
- Write all the statistics
- Write the formula of the test statistic and find the test
statistic (you may use a calculator, but you are required to write
down the command and all the numbers you enter)
- Find the critical value or the P-value (you may use a
calculator, but you are required to write down the command and all
the numbers you enter)
- Decide to reject or fail to reject H0 and explain
the reason
- Wording the conclusion
- Answer the question based on your result above