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A particular brand of tires claims that its deluxe tire averages at least 50,000 miles before it needs to be replaced. A survey of owners of that tire design is conducted. From the 28 tires surveyed, the average lifespan was 46,500 miles with a standard deviation of 9800 miles. Do the data support the claim at the 5% level? My null hypothesis:μ greater than/equal to 50,000 Alternative hypothesis:μ is less than 50,000 Test statistic: 25.1 P-value: 1 Is everything right so far? Also how do I know when to reject or fail to reject?
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