Consider the following hypotheses statement for the average cost of a computer part: Ho: 56, Hap> 56. If a sample of computer parts consisting of 70 items, showed the sample average cost of 58, and the standard deviation of the cost of all such computer parts in the population is 6, what is the p-value for the test statistic? Use Excel and round your answer to 4 decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
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QUESTION 5
Consider the following hypotheses statement for the average cost of a computer part: Ho: μ ≤ 56, Ha: µ> 56. If a sample of computer parts consisting of 70 items, showed the sample average cost
of 58, and the standard deviation of the cost of all such computer parts in the population is 6, what is the p-value for the test statistic? Use Excel and round your answer to 4 decimal places.
Transcribed Image Text:QUESTION 5 Consider the following hypotheses statement for the average cost of a computer part: Ho: μ ≤ 56, Ha: µ> 56. If a sample of computer parts consisting of 70 items, showed the sample average cost of 58, and the standard deviation of the cost of all such computer parts in the population is 6, what is the p-value for the test statistic? Use Excel and round your answer to 4 decimal places.
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