Explanation:
n = 15
average = bar x = 4.29
null hypothesis
h0: μ=5
alternative hypothesis=
h1 = μ≠5
we find the test statistics
t stat =
= -0.71/0.1936
= -3.6673
degree of freedom = 15 - 1 = 14
we find p value using excel's t distribution function
= T.DIST(3.664,14 2) this is a 2 tailed test
p value = 0.0025
alpha = 0.01
because 0.0025 < 0.01
conclusion
so we reject the claim that the time = 5 minutes since p value is smaller than alpha.