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1.For
step 3, and referring to table 2 in the appendix in the textbook, the
critical value for 14 degrees of freedom (15-1) and 2-sided type I error
rate of 0.05 is <= -2.145 or >= 2.145.
2.For
step 4, the calculation of the t statistic results in a value of -1.60.
3.Since
-1.60 is not less than -2.145, we fail to reject the null hypothesis.
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