Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.27. You want to test this claim.The null and alternative hypothesis in symbols would be:H0:μ≥60.27H0:μ≥60.27H1:μ<60.27H1:μ<60.27H0:μ=60.27H0:μ=60.27H1:μ≠60.27H1:μ≠60.27H0:p≤60.27H0:p≤60.27H1:p>60.27H1:p>60.27H0:p=60.27H0:p=60.27H1:p≠60.27H1:p≠60.27H0:p≥60.27H0:p≥60.27H1:p<60.27H1:p<60.27H0:μ≤60.27H0:μ≤60.27H1:μ>60.27H1:μ>60.27The null hypothesis in words would be: The average of price of all textbooks from the store is greater than $$ 60.27.The average of price of all textbooks from the store is less than $$ 60.27.The proportion of all textbooks from the store that are less than 60.27 is equal to 50%The average price of all textbooks from the store is $$ 60.27The average price of textbooks in a sample is $$ 60.27Based on a sample of 90 textbooks at the store, you find an average of 72.27 and a standard deviation of 18.4.The point estimate is: (to 3 decimals)The 95 % confidence interval (use z*) is: to (to 3 decimals)

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Description: Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.27. You want to test this claim.The null and alternative hypothesis in symbols would be:H0:μ≥60.27H0:μ≥60.27H1:μ<60.27H1:μ<60.27H

Given, μ=$60.27 n=90 x-=72.27s=18.4

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 35E

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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.27. You want to test this claim.

The null and alternative hypothesis in symbols would be:

H0:μ≥60.27H0:μ≥60.27
H1:μ<60.27H1:μ<60.27
H0:μ=60.27H0:μ=60.27
H1:μ≠60.27H1:μ≠60.27
H0:p≤60.27H0:p≤60.27
H1:p>60.27H1:p>60.27
H0:p=60.27H0:p=60.27
H1:p≠60.27H1:p≠60.27
H0:p≥60.27H0:p≥60.27
H1:p<60.27H1:p<60.27
H0:μ≤60.27H0:μ≤60.27
H1:μ>60.27H1:μ>60.27

The null hypothesis in words would be:

The average of price of all textbooks from the store is greater than $$ 60.27.
The average of price of all textbooks from the store is less than $$ 60.27.
The proportion of all textbooks from the store that are less than 60.27 is equal to 50%
The average price of all textbooks from the store is $$ 60.27
The average price of textbooks in a sample is $$ 60.27

Based on a sample of 90 textbooks at the store, you find an average of 72.27 and a standard deviation of 18.4.

The point estimate is: (to 3 decimals)

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

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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.27. You want to test this claim. The null and alternative hypothesis in symbols would be: H0:μ≥60.27H0:μ≥60.27