Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 60.92. You want to test this claim.The null and alternative hypothesis in symbols would be:a) H0:p≤60.92H1:p > 60.92b) H0:μ=60.92; H1:μ≠60.92c) H0:μ ≥ 60.92; H1:μ < 60.92d) H0:μ ≤ 60.92; H1:μ > 60.92e) H0:p≥60.92; H1:p<60.92f) H0:p=60.92; H1:p≠60.92The null hypothesis in words would be:The average price of all textbooks from the store is $$ 60.92The average price of textbooks in a sample is $$ 60.92The average of price of all textbooks from the store is less than $$ 60.92.The proportion of all textbooks from the store that are less than 60.92 is equal to 50%The average of price of all textbooks from the store is greater than $$ 60.92.Based on a sample of 110 textbooks at the store, you find an average of 65.72 and a standard deviation of 17.The point estimate is: ______ (to 3 decimals)The 95 % confidence interval (use z*) is: _____ to ______ (to 3 decimals)Based on this we eitherFail to reject the null hypothesisReject the null hypothesis

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Answered: Suppose that BC financial aid alots a…

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.1: Sets And Geometry

Problem 36E

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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 60.92. You want to test this claim.

The null and alternative hypothesis in symbols would be:

a) H0:p≤60.92H1:p > 60.92

b) H0:μ=60.92; H1:μ≠60.92

c) H0:μ ≥ 60.92; H1:μ < 60.92

d) H0:μ ≤ 60.92; H1:μ > 60.92

e) H0:p≥60.92; H1:p<60.92

f) H0:p=60.92; H1:p≠60.92

The null hypothesis in words would be:

The average price of all textbooks from the store is $$ 60.92
The average price of textbooks in a sample is $$ 60.92
The average of price of all textbooks from the store is less than $$ 60.92.
The proportion of all textbooks from the store that are less than 60.92 is equal to 50%
The average of price of all textbooks from the store is greater than $$ 60.92.

Based on a sample of 110 textbooks at the store, you find an average of 65.72 and a standard deviation of 17.

The point estimate is: ______ (to 3 decimals)

The 95 % confidence interval (use z*) is: _____ to ______ (to 3 decimals)

Based on this we either