Step 1 :We are given the following hypotheses: \(H_{o}: \mu=62.3\) and \(H_{a}: \mu \neq 62.3\). The significance level is \(\alpha=0.02\).
Step 2 :We are also given a sample of size \(n=12\) with mean \(M=70.2\) and a standard deviation of \(SD=7.6\).
Step 3 :We can calculate the test statistic using the formula: \[t = \frac{M - \mu}{SD / \sqrt{n}}\] where \(M\) is the sample mean, \(\mu\) is the population mean, \(SD\) is the sample standard deviation, and \(n\) is the sample size.
Step 4 :Substituting the given values into the formula, we get: \[t = \frac{70.2 - 62.3}{7.6 / \sqrt{12}}\]
Step 5 :After calculating, we find that the test statistic is approximately 3.601.
Step 6 :We can find the p-value using a t-distribution table or a statistical software. Since we are doing a two-tailed test (because \(H_a: \mu \neq 62.3\)), the p-value is the probability of getting a result as extreme as our test statistic in either tail of the distribution.
Step 7 :After calculating, we find that the p-value is approximately 0.0042.
Step 8 :Final Answer: The test statistic for this sample is approximately \(\boxed{3.601}\) and the p-value for this sample is approximately \(\boxed{0.0042}\).