8). Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 96.54. You want to test this claim. Ho:u=96.54 H1:u#96.54 The null hypothesis in words would be: The average price of all textbooks from the store is $$ 96.54 Based on a sample of 80 textbooks at the store, you find an average of 110.14 and a standard deviation of 12.8. The point estimate is: 2(to 3 decimals) The 90 % confidence interval (use z*) is:2 to 2 (to 3 decimals) Based on this we:? AJFail to reject the null hypothesis B) Reject the null hypothesis

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
8). Suppose that BC financial aid alots a textbook stipend by claiming that the average
textbook at BC bookstore costs $$ 96.54. You want to test this claimn.
Ho:u=96.54
H1:u#96.54
The null hypothesis in words would be:
The average price of all textbooks from the store is $$ 96.54
Based on a sample of 80 textbooks at the store, you find an average of 110.14 and a
standard deviation of 12.8.
The point estimate is:
2 (to 3 decimals)
The 90 % confidence interval (use z*) is: 2
to
? (to 3 decimals)
Based on this we:?
A)Fail to reject the null hypothesis
B) Reject the null hypothesis
Page 1 of 1
Focus
Transcribed Image Text:8). Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 96.54. You want to test this claimn. Ho:u=96.54 H1:u#96.54 The null hypothesis in words would be: The average price of all textbooks from the store is $$ 96.54 Based on a sample of 80 textbooks at the store, you find an average of 110.14 and a standard deviation of 12.8. The point estimate is: 2 (to 3 decimals) The 90 % confidence interval (use z*) is: 2 to ? (to 3 decimals) Based on this we:? A)Fail to reject the null hypothesis B) Reject the null hypothesis Page 1 of 1 Focus
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Research Ethics
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.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman