A local utility company claims that the monthly electricity bills of its customers are among the lowe- the state with an average monthly electricity bill of $107.96. An energy analyst believes that the average monthly electricity bill from this utility company is actua higher than $107.96. The analyst collected a random sample of 48 monthly electricity bills from this company and found that the average monthly bill of the sample was $115.39, with a standard deviati $21.50. Use the critical-value method to test the hypothesis that the average monthly electricity bill for custo of this local utility is greater than $107.96, using a significance level of 1%. State the null and alternative hypothesis for this test. © Ho:p == 107.96, Ha - > 107.96 Ho:p> 107.96, H₁: 107.96 - Ho:g= 107.96, Hitas 107.96

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Determine the test statistic for the hypothesis test.
2.4455
3.8231
2.3947
1.8961
Determine the appropriate conclusion for this hypothesis test.
The sample data do not provide sufficient evidence to reject the null hypothesis that the average
monthly electricity bill from this utility company is $107.96 and thus we conclude that average
monthly electricity bill from this utility company is likely about $107.96.
The sample data do not provide sufficient evidence to reject the alternative hypothesis that the
average monthly electricity bill from this utility company is greater than $107.96 and thus we
conclude that the average monthly electricity bill from this utility company is likely greater than
$107.96.
The sample data provide sufficient evidence to reject the alternative hypothesis that the average
monthly electricity bill from this utility company is greater than $107.96 and thus we conclude that
the average monthly electricity bill from this utility company is likely about $107.96, as claimed.
O The sample data provide sufficient evidence to reject the null hypothesis that the average monthly
electricity bill from this utility company is $107.96 and thus we conclude that average monthly
electricity bill from this utility company is likely greater than $107.96.
Transcribed Image Text:Determine the test statistic for the hypothesis test. 2.4455 3.8231 2.3947 1.8961 Determine the appropriate conclusion for this hypothesis test. The sample data do not provide sufficient evidence to reject the null hypothesis that the average monthly electricity bill from this utility company is $107.96 and thus we conclude that average monthly electricity bill from this utility company is likely about $107.96. The sample data do not provide sufficient evidence to reject the alternative hypothesis that the average monthly electricity bill from this utility company is greater than $107.96 and thus we conclude that the average monthly electricity bill from this utility company is likely greater than $107.96. The sample data provide sufficient evidence to reject the alternative hypothesis that the average monthly electricity bill from this utility company is greater than $107.96 and thus we conclude that the average monthly electricity bill from this utility company is likely about $107.96, as claimed. O The sample data provide sufficient evidence to reject the null hypothesis that the average monthly electricity bill from this utility company is $107.96 and thus we conclude that average monthly electricity bill from this utility company is likely greater than $107.96.
Question 21
A local utility company claims that the monthly electricity bills of its customers are among the lowest in
the state with an average monthly electricity bill of $107.96.
An energy analyst believes that the average monthly electricity bill from this utility company is actually
higher than $107.96. The analyst collected a random sample of 48 monthly electricity bills from this utility
company and found that the average monthly bill of the sample was $115.39, with a standard deviation of
$21.50.
Use the critical-value method to test the hypothesis that the average monthly electricity bill for customers
of this local utility is greater than $107.96, using a significance level of 1%.
State the null and alternative hypothesis for this test.
© Ho:g= 107.96, Hy:R2 107.96
Ho:p> 107.96, H₁: 107.96
– Ho:g = 107.96, Hip t 107.96
Ο Ho:μ = 107.96, H,:μ < 107.96
Determine the critical-value for the hypothesis test.
01.2998
2.4083
02.0117
3.5099
Transcribed Image Text:Question 21 A local utility company claims that the monthly electricity bills of its customers are among the lowest in the state with an average monthly electricity bill of $107.96. An energy analyst believes that the average monthly electricity bill from this utility company is actually higher than $107.96. The analyst collected a random sample of 48 monthly electricity bills from this utility company and found that the average monthly bill of the sample was $115.39, with a standard deviation of $21.50. Use the critical-value method to test the hypothesis that the average monthly electricity bill for customers of this local utility is greater than $107.96, using a significance level of 1%. State the null and alternative hypothesis for this test. © Ho:g= 107.96, Hy:R2 107.96 Ho:p> 107.96, H₁: 107.96 – Ho:g = 107.96, Hip t 107.96 Ο Ho:μ = 107.96, H,:μ < 107.96 Determine the critical-value for the hypothesis test. 01.2998 2.4083 02.0117 3.5099
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