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A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency's claim? 1. Find the p value =  2. Decision =  Answer within the given choices (choices are same for both) Please answer in 30mins

A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency's claim? 1. Find the p value =  2. Decision =  Answer within the given choices (choices are same for both) Please answer in 30mins

MATLAB: An Introduction with Applications
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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A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency's claim?

1. Find the p value = 

2. Decision = 

Answer within the given choices (choices are same for both)

Please answer in 30mins

≥ 655 and μ< 667 two-tailed test t-test Do not reject Ho OHS655 and μ> 655 1.25% one-tailed test μ2655 and μ< 655 1.46% H≤655 and μ> 667 O
Transcribed Image Text:≥ 655 and μ< 667 two-tailed test t-test Do not reject Ho OHS655 and μ> 655 1.25% one-tailed test μ2655 and μ< 655 1.46% H≤655 and μ> 667 O
Do not reject Ho OHS655 and μ> 655 1.25% one-tailed test ≥655 and μ< 655 1.46% H≤655 and μ> 667 z-test Reject Ho 196
Transcribed Image Text:Do not reject Ho OHS655 and μ> 655 1.25% one-tailed test ≥655 and μ< 655 1.46% H≤655 and μ> 667 z-test Reject Ho 196
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