From candy to jewelry to flowers, the average consumer was expected to spend $104.52 for Mother's Day in 2005, according to the Democrat & Chronicle article "Mom's getting more this year" (May 7, 2005). Local merchants thought this average was too high for their area. They contracted an agency to conduct a study. A random sample of 56 consumers was taken at a local shopping mall the Saturday before Mother's Day and produced a sample mean amount of $94.49. If a = $30, does the sample provide sufficient evidence to support the merchants' claim at the .05 significance level? (a) Find z. (Give your answer correct to two decimal places.) -2.50 (II) Find the p-value. (Give your answer correct to four decimal places.) .0401 (b) State the appropriate conclusion. O Reject the null hypothesis, there is not significant evidence to support the merchants' claim. O Reject the null hypothesis, there is significant evidence to support the merchants' claim. O Fall to reject the null hypothesis, there is significant evidence to support the merchants' claim. O Fall to reject the null hypothesis, there is not significant evidence to support the merchants' claim.

From candy to jewelry to flowers, the average consumer was expected to spend $104.52 for Mother's Day in 2005, according to the Democrat & Chronicle article "Mom's getting more this year" (May 7, 2005). Local merchants thought this average was too high for their area. They contracted an agency to conduct a study. A random sample of 56 consumers was taken at a local shopping mall the Saturday before Mother's Day and produced a sample mean amount of $94.49. If a = $30, does the sample provide sufficient evidence to support the merchants' claim at the .05 significance level? (a) Find z. (Give your answer correct to two decimal places.) -2.50 (II) Find the p-value. (Give your answer correct to four decimal places.) .0401 (b) State the appropriate conclusion. O Reject the null hypothesis, there is not significant evidence to support the merchants' claim. O Reject the null hypothesis, there is significant evidence to support the merchants' claim. O Fall to reject the null hypothesis, there is significant evidence to support the merchants' claim. O Fall to reject the null hypothesis, there is not significant evidence to support the merchants' claim.

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Description: From candy to jewelry to flowers, the average consumer was expected to spend $104.52 for Mother's Day in 2005, according to the Democrat & Chronicle article "Mom'sgetting more this year" (May 7, 2005). Local merchants thought this average was too hi

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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