A new method for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds is greater than 0.5 karat.
To evaluate the profitability of the process, six diamonds are generated, with recorded weights 0.46, 0.61, 0.52, 0.48, 0.57, and 0.54 karat. We want to determine whether the six measurements present sufficient evidence to indicate that the average weight of the diamonds produced by the process is in excess of 0.5 karat. What are the null and the alternative hypotheses?

A new method for producing synthetic diamonds can be operated at a profitable level only if...
A new process for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds is greater than 0.5 karat. Sixteen diamonds are generated, with a mean weight of 0.5457 karat and sample standard deviation equals 0.0552 karat. Assuming that the data is normal and using α =0.10, test if the data support the claim that the process is profitable.