A national online business magazine reports that the average cost of a speeding ticket in Miami, including court fees, is $220. A local police department claims that thisamount has increased. To test their claim, they collect data from a simple random sample of 16 drivers who have been fined for speeding in the last year. Assuming thatthe distribution of speeding ticket costs is normally distributed and the population standard deviation is $15, is there sufficient evidence to support the policedepartment's claim at the 0.02 level of significance?Speeding Ticket Costs in Miami$234 $209$223$248$237 $223 $232$209 $229 $212$244 $213$209$240 $233$225Copy DataStep 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.

The null hypothesis (H0) is that the average cost of a speeding ticket is $220. The alternative…

Answered: A national online business magazine…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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