Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04. A sample of 100 neighborhood restaurants showed a mean price of $12.70 and a standard deviation of $2 for a comparable restaurant meal. (a) Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. H0: Ha: (b) Using the sample from the 100 restaurants, what is the p value? round your answer to four decimal places. (c) At α = 0.05, what is your conclusion? We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed at home.
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04. A sample of 100 neighborhood restaurants showed a mean price of $12.70 and a standard deviation of $2 for a comparable restaurant meal. (a) Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. H0: Ha: (b) Using the sample from the 100 restaurants, what is the p value? round your answer to four decimal places. (c) At α = 0.05, what is your conclusion? We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed at home.
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
Related questions
Topic Video
Question
Which is cheaper: eating out or dining in? The
(a) | Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. | ||||
|
|||||
(b) | Using the sample from the 100 restaurants, what is the p value? round your answer to four decimal places. | ||||
(c) | At α = 0.05, what is your conclusion? | ||||
We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed at home. |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill