In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that th

Question

3 years ago

14

In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that th

e average price of the rooms in the sample was $108.50 with a standard deviation of $16.
a) Formulate the null and alternative hypotheses to determine whether or not the average room price is significantly different from $112.
b) Compute the test statistic.
c) Using the p-value approach, what is your conclusion? Let alpha = .05.
d) Using the critival value approach, what is your conclusion? Let alpha = .05.
e) Write a concluding statement based on your answers above.

Mathematics

1 answer:

kow [346] · Answer 1 · 2022-09-12T00:03:00+03:00

kow [346]3 years ago

6 0

Answer:

C

Step-by-step explanation: