14) The average retail price for bananas in 2017 was 56.0 cents per pound. Recently, a random sample of 37 food stores resulted in a mean of 56.8 cents per pound with a standard deviation of 5.24 cents. Using the Minitab printout below, test the claim that the price of bananas has increased at the 0.10 significance level? (Show all six steps.) One-Sample T Descriptive Statistics N Mean StDey SE Mean 5740 95XLower Bound for u 55346 37 56800 O361 Test Hy u 56 Nelhyscthess Altemative ycthesis Hr 56 0160

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Author:Amos Gilat
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14) The average retail price for bananas in 2017 was 56.0 cents per pound. Recently, a random sample of
37 food stores resulted in a mean of 56.8 cents per pound with a standard deviation of 5.24 cents. Using
the Minitab printout below, test the dlaim that the price of bananas has increased at the 0.10 significance
level? (Show all six steps.)
One Sample T
Descriptive Stalisties
torg.
Transcribed Image Text:14) The average retail price for bananas in 2017 was 56.0 cents per pound. Recently, a random sample of 37 food stores resulted in a mean of 56.8 cents per pound with a standard deviation of 5.24 cents. Using the Minitab printout below, test the dlaim that the price of bananas has increased at the 0.10 significance level? (Show all six steps.) One Sample T Descriptive Stalisties torg.
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