Question

Econometrix Assignment. Topic: Hypothesis Testing.

Find an econometrical solution of the task:

The seller states that the average weight of a pack of tea is 100 g. The sample is extracted and weighed. Weight of each pack - see table of options. Does this not contradict the seller's statement? 99% confidence. The weight of the packs of tea is normally distributed.

table of options.
5 | 98, 104, 97, 97, 101, 100, 99, 101, 99, 98

Answer 1

Sample of weights = (98, 104, 97, 97, 101, 100, 99, 101, 99, 98).



We conclude that there is not enough sample evidence to warrant rejection of the seller's statement.