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I ONLY NEED HELP WITH PART OF PART "B"

2. When shopping for a wedding ring, a couple finds one that they like for $700. Con cerned that the jeweler might be chargin

I've figured out the test statistic is -1.73 and the degrees of freedom are 5. However, I'm having a hard time finding the P value via the chart (which I'm required to learn how to do).I think the chart immediately bellow this is the one used to find the p-value. However, I know at least one (or more) of the charts bellow is what's used. Please let me know which chart is the one used to find the p-value (using the t-value) and how it can be done from its usage (or of there are multiple from their usages).
Table entry for p and C is the critical value t with probability p ying to its right and probability C Table C/t distribution

Table 7 Percentag Points oi the F Distributions df 3 2 100 39.86 49.50 53.59 55.83 57.24 58.20 585944 59.86 050 614 199.5 215

1 Table 6 Percentage Points of the x Disbributions 2.70554 3.34146 5.02389 6.63490 7.87944 1 4.60517 5.99147 7.37776 9.21034

Numerator af 1012 15 20 24 30 40 60 120 α df 1.83 1.78 1.73 1.68 1.65 1.62 1.581.55 1.51 147 100 29 2.18 2.10 2.03 .94 1.90 1

200 3.4 0003 0003 0003 DDb3 0003 000 0003 0003o02 3.300O5 0005 0005 ,0004 0004 0004 00D4 0004 004 .0003 32000T 000 0 0006 00D

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Answer #1

Answer a)

For doing hypothesis testing first we need to calculate mean and standard deviation of data provided:

To find standard deviation we use the following formula Tn-1 We will compute this formula in 4 steps. Step 1: Find the mean,

x̅ = (400+500+600+600+700+800)/6 = 3600/6 = 600

Step 2: Create the following table. data 400 500 600 600 700 800 data-mean 200 100 (data-mean 40000 10000 100 10000 40000 200

s = 141.4214

Answer b)

The provided sample mean is X = 600 and the sample standard deviation is s = 141.4214, and the sample size is n = 6. The follthat the population mean μ is less than 700, at the 0.1 significance level.

Thus, it can be concluded that couple's sample average is less than true average not by pure confidence.

For your question related to p-value:

There are two ways to test hypothesis. One is critical value approach and other is p- value approach. The result of the hypothesis testing will be same using both approaches.

Critical Value Approach:

In this approach, first we have to find out critical t value using the t-distribution table. Then we compare the critical t-value with the test statistics. If the magnitude of  test statistic is greater than critical t-value, we reject null hypothesis.

In this case, to determine critical t value we need following:

Degree of freedom df = 6 -1 = 5

α = 0.10 (One tailed test)

Critical t value for α = 0.10 and df = 5 is 1.476 (Screenshot to show how we located t-value is attached)

t Table cum. prob 90 975 one-tail 0.50 0.25 0.20 0.15 0.10 0.05 0.025 0.01 0.005 0.001 0.0005 two-tails 1.00 0.50 0.400.30 0.

In this case, since the magnitude of  test statistic (1.732) is greater than critical t-value (1.476), so we reject null hypothesis

P-value Approach

Please not that using table, you cannot determine the exact p-value. You can only find out range.

In this case, for determining p-value we need two things:

Test statistics = 1.732

Degree of freedom df = 6 -1 = 5

P-value is between 0.10 < p < 0.05 (Screenshot to show how we find out range is attached)

t Table cum. prolb 75 50 9 one-tail 0.50 0.25 0.20 0.15 0.10 0.05 0.025 0.01 0.005 0.001 0.0005 two-tails1.00 0.50 0.40 0.30

In the t-distribution table, we need to see the row corresponding to df = 5. Now, our test statistics lies between 1.476 and 2.015. P-value (one tail) corresponding to 1.476 and 2.015 is 0.10 and 0.05 respectively. So, p-value lies between 0.05 and 0.10.

You can determine exact p-value using online calculator. The exact p-value is 0.0719 which is between 0.05 and 0.10.

In this case, since p value is less than α = 0.10 so we reject null hypothesis.

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