Steven S. answered 07/21/22
Experienced Tutor Specializing in Probability and Statistics
Since you do not know the standard deviation, you will need to use the t-statistic. Since we are using the t-statistic, it is important to remember that we need to provide a degrees of freedom. The degrees of freedom is calculated by taking the number of samples n and subtracting 1. In this case, n = 5, so the degrees of freedom is 4. So, the corresponding t-distribution has 4 degrees of freedom.
The t-statistic (i.e. the test statistic) takes the following form:
sqrt(n) * (sample mean - μ) / (sample standard deviation)
The sample mean and the sample standard deviation can be calculated with their respective formulas (or using some statistical software such as Excel). μ = 0.58 as stated by the null hypothesis.
To determine the p-value, you can look up a t-table. You will need to match the value of your test statistic and the degrees of freedom to the table. Alternatively, you can use statistical software. Once you have the p-value, you can determine if it is greater than or less than alpha and make the choice to fail to reject or reject the null hypothesis. Finally, you can combine everything together to get the final conclusion.