Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 65.99. You want to test this claim. The null and alternative hypothesis in symbols would be:H0:μ=65.99H0:μ=65.99H1:μ≠65.99H1:μ≠65.99H0:μ≤65.99H0:μ≤65.99H1:μ>65.99H1:μ>65.99H0:p≥65.99H0:p≥65.99H1:p<65.99H1:p<65.99H0:p=65.99H0:p=65.99H1:p≠65.99H1:p≠65.99H0:p≤65.99H0:p≤65.99H1:p>65.99H1:p>65.99H0:μ≥65.99H0:μ≥65.99H1:μ<65.99H1:μ<65.99CorrectThe null hypothesis in words would be: The average price of textbooks in a sample is $$ 65.99The average of price of all textbooks from the store is greater than $$ 65.99.The average of price of all textbooks from the store is less than $$ 65.99.The proportion of all textbooks from the store that are less than 65.99 is equal to 50%The average price of all textbooks from the store is $$ 65.99CorrectBased on a sample of 150 textbooks at the store, you find an average of 78.59 and a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 99 % confidence interval (use z*) is: to (to 3 decimals) Based on this we:Fail to reject the null hypothesisReject the null hypothesis

Answered: Image /qna-images/answer/3d0b6f99-ae80-4c90-aef4-80d47da90476.jpg

Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 65.99. You want to test this claim. The null and alternative hypothesis in symbols would be:

Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 65.99. You want to test this claim. The null and alternative hypothesis in symbols would be:

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.2: Arithmetic Sequences

Problem 52E

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Question

H0:μ=65.99H0:μ=65.99
H1:μ≠65.99H1:μ≠65.99
H0:μ≤65.99H0:μ≤65.99
H1:μ>65.99H1:μ>65.99
H0:p≥65.99H0:p≥65.99
H1:p<65.99H1:p<65.99
H0:p=65.99H0:p=65.99
H1:p≠65.99H1:p≠65.99
H0:p≤65.99H0:p≤65.99
H1:p>65.99H1:p>65.99
H0:μ≥65.99H0:μ≥65.99
H1:μ<65.99H1:μ<65.99

Correct

The null hypothesis in words would be:

The average price of textbooks in a sample is $$ 65.99
The average of price of all textbooks from the store is greater than $$ 65.99.
The average of price of all textbooks from the store is less than $$ 65.99.
The proportion of all textbooks from the store that are less than 65.99 is equal to 50%
The average price of all textbooks from the store is $$ 65.99

Correct

Based on a sample of 150 textbooks at the store, you find an average of 78.59 and a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 99 % confidence interval (use z*) is: to (to 3 decimals) Based on this we: