A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency claim?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655
dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a
random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have
enough evidence to reject the tourist agency claim?
Transcribed Image Text:A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency claim?
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