Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 59 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. a. Find the value of the test statistic. (Round your answer to three decimal places.) b. State the critical values for the rejection rule. Use ? = 0.05. (Round your answers to three decimal

Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 59 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. a. Find the value of the test statistic. (Round your answer to three decimal places.) b. State the critical values for the rejection rule. Use ? = 0.05. (Round your answers to three decimal

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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Question

According to the Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 59 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively.

a. Find the value of the test statistic. (Round your answer to three decimal places.)

b. State the critical values for the rejection rule. Use

? = 0.05.

(Round your answers to three decimal places. If the test is one-tailed, enter NONE for the unused tail.)

test statistic≤

test statistic≥

Expert Solution