C) more than the absolute value of the critical value, we can conclude that the average monthly rate for an assisted-living facility is not equal to $3,300.

Step-by-step explanation:

Hello!

Interest hypothesizes is " the average monthly rate for one-bedroom assisted-living facility is equal to $3300" symbolically: μ = 3300

The study variable is:

X: Monthly rate for a one-bedroom assisted-living facility.

Since there is no information about the distribution of the variable, to be able to study the population mean, I'll assume that the variable has a normal distribution.

The hypothesis is:

H₀: μ = 3300

H₁: μ ≠ 3300

α: 0.05

The statistic to use, considering that there is no known population information and the sample size, is a Student t:

t= X[bar] - μ ~ $t_{n-1}$

S/√n

n= 12

X[bar]= $3690

S= $530

Using the sample data, calculate the statistic value:

t= 3690 - 3300 = 2.549

530/√12

The rejection region for this test is two-tailed, with critical values:

$t_{n-1; \alpha /2} = t_{11; 0.025} = -2.201$

$t_{n-1;1-\alpha /2} = t_{11; 0.975} = 2.201$

The decision rule is:

Reject the null hypothesis if t ≤ -2.201 or if t ≥ 2.201

Not reject the null hypothesis if -2.201 < t < 2.201

Since the calculated value (2.549) is greater than the right critical value (2.201) the decision is to reject the null hypothesis.

With a signification level of 5%, there is enough evidence to reject the null hypothesis. This means that the population mean of the monthly rate for a one-bedroom assisted living facility is different from $3300.

I hope it helps!

7 0

3 years ago

An arc that subtends a full angle of 360 degrees is called a(n) ______.

White raven [17]

Hi,
That would be a circle because it has 360 degrees.

4 0

3 years ago

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