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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1496 |
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For this test, the null hypothesis (H0) would be that the population mean of Countrywide foreclosures is greater than the mean of all other foreclosures. The alternative would be that the mean of Countrywide’s foreclosures is less than the mean of other lenders’ foreclosures and expressed in statistical and mathematical terms as follows:
H0: ?1 > ?2
H0: ?1 < ?2
The second step is to determine the level of significance...
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The next step would then be to select the test statistic, a value used to determine whether to reject the null hypothesis. The sample information determines the test statistic. Large samples (greater than 30) use the z test statistic. The sample distribution of the sample mean determines the z value...
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