SANGLEY POINT NATIONAL HIGH SCHOOL

Senior High School

Cavite City

Statistics and Probability

Quarter 4 –
Module 7: Drawing Conclusion About
Population Mean Based on
Test Statistic Value and
Critical Region

Prepared by:
Jane A. Tolentino, Lpt
 Lesson 1: Drawing Conclusion About Population Mean Based
on Test Statistic Value and Critical Region

The final step in testing hypothesis is to interpret the results or draw conclusions out
of the computed value. In this module, you will decide whether you reject or not the
null hypothesis.

Let us first recall the different terms related to hypothesis testing by answering the
following activity.

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 BLUFF

BLUFF

FACT

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FACT

FACT

FACT
 BLUFF

FACT

FACT

BLUFF

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 Critical Region: Look at the table on page 7

Test Statistics: z-test

Sample size 100

(n):
Level of Significance: 0.05

Type of Test: Right-tailed test

Critical Value: z = 1.875

 Critical Region: Look at the table on page 7

Test Statistics: t-test

Sample size 𝒏=𝟏𝟐

(n):
Level of Significance: 0.01

Type of Test: Left-tailed test

Critical Value: t = - 1.736

Decision: The computed t-value is greater than the t-

critical value at 𝛼 = 0.01 (i. e.−1.736 > −2.718.)
Since we have a left-tailed test, our conclusion is that we
fail to reject the null hypothesis.
 Critical Region: Look at the table on page 7
Test Statistics: t-test

Sample size 𝒏=𝟐𝟔

(n):
Level of Significance: 0.025

Type of Test: Two-tailed test

Critical Value: t = 3.671

Decision: The absolute value of the computed t-value is greater than the
absolute of the critical t-value at 𝛼 = 0.025 (i.e. |3.671|> |2.485|). Therefore,
we reject the null hypothesis.

Conclusion: We can conclude that there is enough evidence to reject the

claim of the government that P10,000 is the monthly expenses of a Filipino
family with four members.
 Risks and rewards
Risks Rewards

New feature updates may First on the market

not be popular with
Good publicity for the
customers
product so far, and we can
Lack of staffing in key build momentum from that
roles could delay product scenario
launch
Product testing with high-
Product will have more value clients have shown
features which may require no issues
additional learning for
customers

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The team

Felix Henderson Kiana Anderson

Project Manager Office Manager

Taylor Philips Isabel Garcia Tyler Stein

Marketing Manager Copywriter Intern

Natasha Jones Jordan Mitchell

Human Resources Junior Designer

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 Business overview

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 Business concept
Using our next-generation data architecture, we help
organizations virtually manage agile workflows. We thrive
because of our market knowledge and the great team
behind our product.

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Goals and objectives

Draft blueprints Run focus groups Gather feedback

Feb 20XX May 20XX Oct 20XX

20XX JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

20XX JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Test design Launch design Deliver to client

Feb 20XX July 20XX Dec 20XX

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Financials

Key metrics Revenue by year

$40,000
Gross Net
Clients Orders
revenue revenue

$30,000

20XX 10 1100 $10,000 $7,000

$20,000
20XX 20 200 $20,000 $16,000

20XX 30 300 $30,000 $25,000

$10,000

20XX 40 400 $40,000 $30,000

$0
20XX 20XX 20XX 20XX

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Financials table
YEAR 1 YEAR 2 YEAR 3 DELTA

Income
Users 50,000 400,000 1,600,000

Sales 500,000 4,000,000 16,000,000

Average price per sale 75 80 90
Revenue @ 15% 5,625,000 48,000,000 216,000,000

Gross profit 5,625,000 48,000,000 216,000,000

Expenses

Sales & marketing 5,062,500 38,400,000 151,200,000 70%

Customer service 1,687,500 9,600,000 21,600,000 10%

Product development 562,500 2,400,000 10,800,000 5%

Research 281,250 2,400,000 4,320,000 2%

Total expenses 7,593,750 52,800,000 187,920,000

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 Key issues
Near term Long term

Need funding in key roles Need larger office space

Lack of staffing will Additional employees

cause product delay will require on-site office
workspace

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 Thank you
Mirjam Nilsson​
206-555-0146
mirjam@contoso.com
www.contoso.com

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