Example: It is stated that the average cost of books and supplies for a college student is $402 with a population standard deviation of $138. You would like to test this claim at the level of significance of .05. Using a simple random sample of 50 college students an average of $451 was computed. State the null hypothesisState the alternative hypothesisCalculate the test statisticCalculate the p-valueWhat conclusion will you draw?Repeat the hypothesis test using the critical value approach?What sample mean would we need to get to start to reject the null hypothesis?

Name: Example: It is stated that the average cost of books and supplies for
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Description: Example: It is stated that the average cost of books and supplies for a college student is $402 with a population standard deviation of $138. You would like to test this claim at the level of significance of .05. Using a simple random sample of 50

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MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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Example: It is stated that the average cost of books and supplies for a college student is $402 with a population standard deviation of $138. You would like to test this claim at the level of significance of .05. Using a simple random sample of 50 college students an average of $451 was computed.

State the null hypothesis
State the alternative hypothesis
Calculate the test statistic
Calculate the p-value
What conclusion will you draw?
Repeat the hypothesis test using the critical value approach?
What sample mean would we need to get to start to reject the null hypothesis?

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