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

Solve. x – 6 = –14 a. –20 b. 20 c. 8 d. –8

Nataliya [291]

If you would like to solve the equation x - 6 = - 14, you can calculate this using the following steps:

x - 6 = - 14
x = - 14 + 6
x = - 8

The correct result would be d. - 8.

5 0

3 years ago

Read 2 more answers

Determine whether the given statement is true or false. 1 14 E {12, 14, 16, 18} ​

Determine whether the given statement is true or false. 1 14 E {12, 14, 16, 18}