Cost of Braces The average cost for teeth straightening with metal braces is approximately $5416. A nationwide franchise thinks that its cost is below that figure. A random sample of 28 patients across the country had an average cost of $5228 with a standard deviation of $623. At a=0.025, can it be concluded that the mean is less than $5416? Assume that the population is approximately normally distributed.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Compute the test value.Always round t score values to at least three decimal places.
Cost of Braces The average cost for teeth straightening with metal braces
is approximately $5416. A nationwide franchise thinks that its cost is below
that figure. A random sample of 28 patients across the country had an
average cost of $5228 with a standard deviation of $623. At a=0.025, can it be
concluded that the mean is less than $5416? Assume that the population is
approximately normally distributed.
Transcribed Image Text:Cost of Braces The average cost for teeth straightening with metal braces is approximately $5416. A nationwide franchise thinks that its cost is below that figure. A random sample of 28 patients across the country had an average cost of $5228 with a standard deviation of $623. At a=0.025, can it be concluded that the mean is less than $5416? Assume that the population is approximately normally distributed.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman