The second slide is the first part of the question and the first slide is the second part of the question. ### Statistical Testing Exercise**Find the value of the test statistic.**\[ \_\_\_ \]**Find the $ p $-value. (Round your answer to four decimal places.)**\[ p\text{-value} = \_\_\_\_ \]**What is your conclusion?**- $ \circ $ Reject $ H_0 $. There is sufficient evidence to conclude that the mean meal prices are not all the same for the three types of restaurants.- $ \circ $ Do not reject $ H_0 $. There is not sufficient evidence to conclude that the mean meal prices are not all the same for the three types of restaurants.- $ \circ $ Do not reject $ H_0 $. There is sufficient evidence to conclude that the mean meal prices are not all the same for the three types of restaurants.- $ \circ $ Reject $ H_0 $. There is not sufficient evidence to conclude that the mean meal prices are not all the same for the three types of restaurants. **Restaurant Price Analysis****Introduction:**The Consumer Reports Restaurant Customer Satisfaction Survey provides insights based on 148,599 visits to full-service restaurant chains. A notable metric from this survey is the meal price—the average amount paid per person. With an interest in offering relevant information to readers, a local newspaper reporter decided to conduct a similar study focusing on restaurants in her city. The following data presents the meal prices ($) from 24 different restaurant samples, categorized into three types: Italian, Seafood, and Steakhouse.**Data:**| | Italian | Seafood | Steakhouse ||----------|---------|---------|------------|| **Meals**| 24 | 17 | 21 || | 11 | 18 | 16 || | 24 | 18 | 22 || | 37 | 27 | 22 || | | | || **Costs**| $12 | $16 | $25 || | $16 | $14 | $19 |**Analysis Objective:**The study aims to determine if there is a statistically significant difference among the mean meal prices across these three restaurant categories. A significance level of $\alpha = 0.05$ is used for hypothesis testing.**Hypotheses:**- Null Hypothesis ($H_0$): All population means are equal.- Alternative Hypothesis ($H_a$): Not all the population means are equal.$o$ $H_0$: $\mu_{Italian} = \mu_{Seafood} = \mu_{Steakhouse}$$o$ $H_a$: At least two of the population means are different. **Conclusion:**Upon conducting the test, results will determine if diners can expect a difference in meal pricing based on the type of restaurant chosen. This analysis provides valuable insights for consumers making dining decisions and for restaurateurs positioning their pricing strategies.

Name: The second slide is the first part of the question and the first slid
Uploaded: 2024-03-05T11:53:49.000Z
Channel: Bartleby
Description: The second slide is the first part of the question and the first slide is the second part of the question. ### Statistical Testing Exercise**Find the value of the test statistic.**\[ \_\_\_ \]**Find the $ p $-value. (Round your answer to four deci