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  • Calculation of Sample Mean: Step 2

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    sufyanbutt768
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    This document discusses how to calculate the sample mean and standard deviation. It explains that the sample mean is calculated by adding all values in the data set and dividing by the number of values. The standard deviation is calculated by taking the square root of the sum of the squared differences between each value and the sample mean divided by the number of values minus one. It also provides the formula for calculating the t-statistic and compares it to the critical t-value to determine if the mean is statistically different than the hypothesized population mean.

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    Format of BQT

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    This document discusses how to calculate the sample mean and standard deviation. It explains that the sample mean is calculated by adding all values in the data set and dividing by the number of values. The standard deviation is calculated by taking the square root of the sum of the squared differences between each value and the sample mean divided by the number of values minus one. It also provides the formula for calculating the t-statistic and compares it to the critical t-value to determine if the mean is statistically different than the hypothesized population mean.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views2 pages

    Calculation of Sample Mean: Step 2

    Uploaded by

    sufyanbutt768
    This document discusses how to calculate the sample mean and standard deviation. It explains that the sample mean is calculated by adding all values in the data set and dividing by the number of values. The standard deviation is calculated by taking the square root of the sum of the squared differences between each value and the sample mean divided by the number of values minus one. It also provides the formula for calculating the t-statistic and compares it to the critical t-value to determine if the mean is statistically different than the hypothesized population mean.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Calculation of sample Mean

    and

    S1=

    {
    2

    Step 2 We use = .05 as level of significance Step 3


    Test statistics

    t=

    Where

    Step 5

    Critical value

    ( )

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