Computing value of the test statistic

Reference no: EM13113430

At the time she was hired as a server, beth was told, "you can average more than $20 a day in tips." Over the first 35 days she was employed at the resturant, the mean daily amount of her tips was $24.85, with a standard deviation of $3.24. At the .01 significance level, can Beth conclude that she is earning an average of more than $20 in tips? State the null hypothesis and alternate hypothesis, state decsision rule, and compute the value of the test statistics? What is the P-value?

(a) State the null hypothesis and the alternate hypothesis.

(b) State the decision rule.

(d) What is your decision regarding H0?

(e) What is the p-value?

Reference no: EM13113430

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