State the appropriate null and alternative hypotheses. O H,: u = 5.04 H: u > 5.04 O H: 4 > 5.04 H: u< 5.04 O H: u = 5.04 H: u < 5.04 O H: H = 5.04 H: u= 5.04 Ο H , μ< 5.04 H: u > 5.04 Find the test statistic and P-value. (Use technology to calculate the P-value. Round your test statistic to two decimal places and your P-value to four decimal places.) t = P-value = State the conclusion in the problem context. O we fail to reject H,. We have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O We reject Hn: We have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O we fail to reject H.. We do not have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O We reject Hn: We do not have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price.
State the appropriate null and alternative hypotheses. O H,: u = 5.04 H: u > 5.04 O H: 4 > 5.04 H: u< 5.04 O H: u = 5.04 H: u < 5.04 O H: H = 5.04 H: u= 5.04 Ο H , μ< 5.04 H: u > 5.04 Find the test statistic and P-value. (Use technology to calculate the P-value. Round your test statistic to two decimal places and your P-value to four decimal places.) t = P-value = State the conclusion in the problem context. O we fail to reject H,. We have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O We reject Hn: We have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O we fail to reject H.. We do not have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price. O We reject Hn: We do not have convincing evidence that the mean July 2016 price of a Big Mac in Europe is less than the reported U.S. price.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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