The annual turnover rate of the 200-count bottle of aspirin, Ask an Expert

Statistics

State the decision rule for the mean has changed or not from 6.0.

The annual turnover rate of the 200-count bottle of aspirin follows the normal distribution with a mean of 6.0 and a standard deviation of 0.50. (This indicates that the stock of asprin turns over on the pharmacy shelves an average of 6 times per year.) It is suspected that the mean turnover has changed and is not 6.0. Use the .05 significance level.

A. declare the decision rule.
B. Give the formula for the test statistic.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M921729

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