Mathematics, 14.04.2020 15:56, mcclendoncassandra
You want to test the hypothesis that the average NYU student spends no more than $600 on subway fares per academic year. You happen to know that variance in subway fare spending is $900. You plan to test this hypothesis by asking n students to track their subway expenses over the course of the academic. If you have a significance level of .01, how many students would you have to track to have a 90% chance of rejecting the null hypothesis when the average subway spending is actually $620. (It is a one-sided hypothesis test with H0: µ = $600 and H1: µ > $600)
Answers: 3
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You want to test the hypothesis that the average NYU student spends no more than $600 on subway fare...
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