SOLUTION: A statistical study is being conducted to determine if the population mean yield for all Arizona municipal bonds is greater than the national average. A random sample of size (n=16
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Question 386067: A statistical study is being conducted to determine if the population mean yield for all Arizona municipal bonds is greater than the national average. A random sample of size (n=16) is drawn from Arizona municipal bonds. What would be the critical value (a=.01) for this test? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A statistical study is being conducted to determine if the population mean yield for all Arizona municipal bonds is greater than the national average. A random sample of size (n=16) is drawn from Arizona municipal bonds. What would be the critical value (a=.01) for this test?
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It's a right-tail test with alpha = 1%
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invt(0.99 with df = 15) = 2.6025
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Cheers,
Stan H.
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