Really struggling with Econometrics. Feel like this is an easy problem just need to see if someone can explain it to me. Thanks in advance


Let
Y1,...,Yn be i.i.d. draws from a distribution with mean μ. A test of H0: μ= 5 versus H1: μ≠ 5 using the usual t-statistic yields a p-value of 0.03.

a)Does the 95% confidence interval contain μ= 5? Explain.

b ) Can you determine if μ= 6 is contained in the 95% confidence interval? Explain.

This post was edited by tyler225 on Sep 29 2015 07:02pm