According to official data, the average annual expenditure on dental care in Kingston, Jamaica is at least $60,000 per person. A random sample of 125 persons showed that they spent an average of $55,000 on dental care last year with a standard deviation of $10,500. Test at the 5% significance level whether last year’s mean annual dental care expenditure per person in the parish was less than $60,000. a) find p value.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 7PPS
icon
Related questions
Question

According to official data, the average annual expenditure on dental care in Kingston, Jamaica is at least $60,000 per person. A random sample of 125 persons showed that they spent an average of $55,000 on dental care last year with a standard deviation of $10,500. Test at the 5% significance level whether last year’s mean annual dental care expenditure per person in the parish was less than $60,000.

a) find p value.

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill