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littlej_dvine littlej_dvine
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Posts: 830
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6 years ago
In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample was 108.50 with a standard deviation of 16.
 a. Formulate the 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, test the hypotheses. Let  = .1.
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wrote...
6 years ago
a . H0:  = 112
Ha:   112
b. t = -1.75
c. p-value is between .05 and .1; therefore, reject H0
littlej_dvine Author
wrote...
6 years ago
thank you so much for providing this
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