Suppose that an estimate of Petco salaries is based on a sample of 27 employees. If...
Suppose that an estimate of Petco salaries is based on a sample of 27 employees. If we wish to conduct a test of whether the average salaries are over $35 thousand at an alpha of .01 , we would obtain the t-multiple using the Excel command:
| a) = T.INV.2T(.02,27) |
| b) | = T.INV.2T(.01,27) |
| c) | = T.INV.2T(.01,26) |
| d) | = T.INV.2T(.005,27) |
| e) | None of the above |
Homework Answers
here for degree of freedom =n-1=27-1 =26
also as it is one tailed test ; probabiliy used must be 0.01*2 =0.02
therefore option E is correct (none of the above)
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