A sample of 64 observations is selected from a normal population. The sample meanis 215, and the sample standard deviationis 15. Conduct the following test of hypothesis using the .03 significance level.
H0: µ ≥ 220
H1: µ < 220
(a) Is this a one- or two-tailed test?
(b) What is the decision rule?
(c) What is the value of the test statistic?
(d) What is the p-value? Interpret it.
(e) What is your decision regarding H0?
Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.