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.
If we have 156 beads and we can make one bracelet with 9 beads we divide 156 by 9 and get 17 1/3. since we cannot have 1/3 of a bracelet, we can make 17 bracelets.
