A city plans to pay for a new parking deck through parking fees. In order to do so, the city hopes to bring in an average of more than $120 daily on weekdays. For a random sample of 35 weekdays, daily fees collected averaged $126, with a standard deviation of $15. At the a = 0.10 level of significance, can we conclude that the city is meeting its goal of more than $120 in fees per day? Step 2 of 5: Calculate the test statistic. Show your work!

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Question 1
A city plans to pay for a new parking deck through parking fees. In order to do so, the city hopes to bring in an average of more than $120
daily on weekdays. For a random sample of 35 weekdays, daily fees collected averaged $126, with a standard deviation of $15. At the a
= 0.10 level of significance, can we conclude that the city is meeting its goal of more than $120 in fees per day?
Step 2 of 5: Calculate the test statistic. Show your work!
Transcribed Image Text:Question 1 A city plans to pay for a new parking deck through parking fees. In order to do so, the city hopes to bring in an average of more than $120 daily on weekdays. For a random sample of 35 weekdays, daily fees collected averaged $126, with a standard deviation of $15. At the a = 0.10 level of significance, can we conclude that the city is meeting its goal of more than $120 in fees per day? Step 2 of 5: Calculate the test statistic. Show your work!
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