Answer:
Explanation:
The null hypothesis will be that the there is no difference between the sample mean and the average of 500
H₀: μ₀ = 500
The alternative hypothesis would be that there is a difference between the sample mean and the average of 500
Hₐ: μ₀ ≠ 500
This is a two tailed hypothesis test. We can use the t-test for this problem
Test statistic
t = (x - μ) ÷ (σ/√n)
x = 495
μ = 500
σ = 12
n = 24
t = (495 - 500) ÷ (12/√24) = -2.04
Checking the t-distribution table at confidence levels of 90%, 95% and 99%
p-value =
Hope this Helps!!!