Question

In order to check whether iron ore is supplied to the specification of 62% Fe, a steel company has conducted a hypothesis test with the null hypothesis as H0:μFe=62%H_0: \mu_{Fe} = 62\% and alternative hypothesis Ha:μFe<62%H_a: \mu_{Fe} < 62\%. A random sample of 5 observations reveal the following grade values of the lot, 58%, 56%, 60%, 64%, 62%. The t-test statistic for the hypothesis is

MCQ

-3.000

1.414

-1.414

3.000

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