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Take a random sample and perform a t-test against a population mean (no time series for any parts of this project
Take a random sample and perform a t-test against a population mean (no time series for any parts of this project.) Test a hypothesis about a population mean. Besides the instructions above, explain what assumptions you made. Note: n must be between 15 to 20! Use no other sample sizes.
Use the same data as 1a and develop a 90% confidence interval and a 95% confidence interval for the population mean. Contrast this to 1a. What additional information or insight did this provide you over the traditional hypothesis testing.
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