Ans:
a)
Test statistic:
t=(3250-3500)/(60/SQRT(12))
t=-14.434
df=12-1=11
p-value=tdist(14.434,11,2)=0.0000
As,p-value is less than 0.01,we reject the null hypothesis.There is sufficient evidence to conclude that mean is not equal to 3500.
b)As,p-value=0.0000,so smallest level of significance will be 0 to be willing to reject the null hypothesis.
c)
t*=tinv(0.05,11)=2.201
margin of error=2.201*60/sqrt(12)=38.12
95% confidence interval for mean
=3250+/-38.12
=(3211.88, 3288.12)
As,above CI does not include 3500 within its limits,so we can conclude that mean is different from 3500.
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