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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 67.16. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:p < 67.16 H:р> 67.16 O Ho:p = 67.16 H1:p+ 67.16 O Ho:4 = 67.16 H1:µ 7 67.16 O Ho:p 2 67.16 H1:p < 67.16 O Ho:H < 67.16 H1:4 > 67.16 O Ho:u 2 67.16 H1:µ < 67.16 The null hypothesis in words would be: OThe average price of all textbooks from the store is OThe average price of textbooks in a sample is $ 67.16 O The average of price of all textbooks from the store is less than $ 67.16. OThe proportion of all textbooks from the store that are less than 67.16 is equal to 50% OThe average of price of all textbooks from the store is greater than $ 67.16. Based on a sample of 100 textbooks at the store, you find an average of 69.76. You assume a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 90 % confidence interval is: to Based on this we: O Fail to reject the null hypothesis O Reject the null hypothesis

Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 67.16. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:p < 67.16 H:р> 67.16 O Ho:p = 67.16 H1:p+ 67.16 O Ho:4 = 67.16 H1:µ 7 67.16 O Ho:p 2 67.16 H1:p < 67.16 O Ho:H < 67.16 H1:4 > 67.16 O Ho:u 2 67.16 H1:µ < 67.16 The null hypothesis in words would be: OThe average price of all textbooks from the store is OThe average price of textbooks in a sample is $ 67.16 O The average of price of all textbooks from the store is less than $ 67.16. OThe proportion of all textbooks from the store that are less than 67.16 is equal to 50% OThe average of price of all textbooks from the store is greater than $ 67.16. Based on a sample of 100 textbooks at the store, you find an average of 69.76. You assume a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 90 % confidence interval is: to Based on this we: O Fail to reject the null hypothesis O Reject the null hypothesis

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 30E
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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 67.16. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:p < 67.16 H:р> 67.16 O Ho:p = 67.16 H1:p+ 67.16 O Ho:4 = 67.16 H1:µ 7 67.16 O Ho:p 2 67.16 H1:p < 67.16 O Ho:H < 67.16 H1:4 > 67.16 O Ho:u 2 67.16 H1:µ < 67.16 The null hypothesis in words would be: OThe average price of all textbooks from the store is OThe average price of textbooks in a sample is $ 67.16 O The average of price of all textbooks from the store is less than $ 67.16. OThe proportion of all textbooks from the store that are less than 67.16 is equal to 50% OThe average of price of all textbooks from the store is greater than $ 67.16. Based on a sample of 100 textbooks at the store, you find an average of 69.76. You assume a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 90 % confidence interval is: to Based on this we: O Fail to reject the null hypothesis O Reject the null hypothesis
Transcribed Image Text:Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 67.16. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:p < 67.16 H:р> 67.16 O Ho:p = 67.16 H1:p+ 67.16 O Ho:4 = 67.16 H1:µ 7 67.16 O Ho:p 2 67.16 H1:p < 67.16 O Ho:H < 67.16 H1:4 > 67.16 O Ho:u 2 67.16 H1:µ < 67.16 The null hypothesis in words would be: OThe average price of all textbooks from the store is OThe average price of textbooks in a sample is $ 67.16 O The average of price of all textbooks from the store is less than $ 67.16. OThe proportion of all textbooks from the store that are less than 67.16 is equal to 50% OThe average of price of all textbooks from the store is greater than $ 67.16. Based on a sample of 100 textbooks at the store, you find an average of 69.76. You assume a standard deviation of 11.4. The point estimate is: (to 3 decimals) The 90 % confidence interval is: to Based on this we: O Fail to reject the null hypothesis O Reject the null hypothesis
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