Question

Table below shows index of growth for some designated regions in the United States. If the Complete Hypothesis Testing at the 5% level to check if index of growth in these regions is below 60.29 .
Find Test Statistics, t-value, and p-value to make the decision. Use t-Distribution.

55.57	57.53	51.02	43.32	47.51
41.15	58.04	57.26	59.56	42.03
49.13	61.28	41.53	44.72	46.05
50.66	59.23	59.28	64.07	51.06

Answer 1

Since P-value<0.05, we reject H₀ at 5% level of significance and conclude that there is sufficient evidence to conclude that index of growth in these regions is below 60.29.