A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but now are beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than $215.00. The information was entered into a spreadsheet and the following printout 20) was obtained: One-Sample T Test Null Hypothesis: u = 215 Alternative Hyp: µ > 215 95% Conf Interval Variable T DF P Upper Camera Price 245.23 15.620 212.740 277.720 Mean SE Lower 1.94 21 0.0333 Cases Included 22 Is a sample size n= 22 large enough to utilize the central limit theorem in this inferent procedure? A) Yes, since the central limit theorem works whenever means are used B) No, since n<30 C) Yes, since both np and nq are greater than or equal to 15 D) No, since either np or nq is less than 15

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A consumer product magazine recently ran a story concerning the increasing prices of
digital cameras. The story stated that digital camera prices dipped a couple of years
ago, but now are beginning to increase in price because of added features. According to
the story, the average price of all digital cameras a couple of years ago was $215.00. A
random sample of cameras was recently taken and entered into a spreadsheet. It was
desired to test to determine if that average price of all digital cameras is now more than
20)
$215.00. The information was entered into a spreadsheet and the following printout
was obtained:
One-Sample T Test
Null Hypothesis: µ = 215
Alternative Hyp: µ > 215
95% Conf Interval
Variable
Mean
SE
Lower
Upper
DF
P.
Camera Price 245.23 15.620 212.740
277.720
1.94
21
0.0333
Cases Included 22
Is a sample size n = 22 large enough to utilize the central limit theorem in this inferenti
procedure?
A) Yes, since the central limit theorem works whenever means are used
B) No, since n<30
C) Yes, since both np and nq are greater than or equal to 15
D) No, since either np or nq is less than 15
20)
Transcribed Image Text:A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but now are beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than 20) $215.00. The information was entered into a spreadsheet and the following printout was obtained: One-Sample T Test Null Hypothesis: µ = 215 Alternative Hyp: µ > 215 95% Conf Interval Variable Mean SE Lower Upper DF P. Camera Price 245.23 15.620 212.740 277.720 1.94 21 0.0333 Cases Included 22 Is a sample size n = 22 large enough to utilize the central limit theorem in this inferenti procedure? A) Yes, since the central limit theorem works whenever means are used B) No, since n<30 C) Yes, since both np and nq are greater than or equal to 15 D) No, since either np or nq is less than 15 20)
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