In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample was $174with a standard deviation of $16.(a) Formulate the hypotheses (in dollars) to determine whether or not the average room price is significantly different from $111. (Enter - for as needed.)N₂²HA(b) Compute the test statistic.(c) Using the p-value approach, test the hypotheses. Let = 0.1Find the p-value. (Round your answer to four decimal places)D-value=State your conclusionO Do not reject Hg There is sufficient evidence to conclude that the average room price is significantly different from $111.C) Reject H There is sufficient evidence to conclude that the average room price is significantly different from $111.Reject There is insufficient evidence to conclude that the average rooms price is significantly different from $111.Do not reject H There is insufficient evidence to conclude that the average room price is significantly different from $111.

Sample size Sample mean 107.40Sample standard deviation Hypothesized value of population mean is…

Answered: In order to determine the average price…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

2. The blood cholesterol levels of men age 55 to 64 are approximately Normal, with mean 222milligrams per deciliter (mg/dl) and standard deviation 37 mg/dl. A random sample of 58individuals will be collected and the sample mean cholesterol level will be computed. a. What is the mean of the sample mean? b. What is the standard deviation of the sample mean?
For a data set of the pulse rates for a sample of adult females, the lowest pulse rate is 34 beats per minute, the mean of the listed pulse rates is x=72.0 beats per minute, and their standard deviation is s=13.8 beats per minute. a. What is the difference between the pulse rate of 34 beats per minute and the mean pulse rate of the females? b. How many standard deviations is that [the difference found in part (a)]? c. Convert the pulse rate of 34 beats per minutes to a z score. d. If we consider pulse rates that convert to z scores between −2 and 2 to be neither significantly low nor significantly high, is the pulse rate of 34 beats per minute significant?
A marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $55 and a standard deviation of $52. Complete parts (a) and (b) below. a. Is there evidence that the population mean amount spent per year on the web site by membership member shoppers is different from $51? (Use a 0.01 level of significance.) State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round. Do not include the $ symbol in your answer.) Identify the critical value(s). The critical value(s) is/are (Type an integer or a decimal. Round to two decimal places as needed. Use a comma to separate answers as needed.) Determine the test statistic. The test statistic, 1STAT, is (Type an integer or a decimal. Round to two decimal places as needed.) State the conclusion. Ho. There is evidence that the…
Because of different sales ability, experience, and devotion, the incomes of real estate agents vary considerably. Suppose that in a large city the annual income is normally distributed with a standard deviation of $15,000. A real estate industry expert claims that the mean annual income of all real estate agent in the city is equal to $79000. A sample of 30 real estate showed that their mean annual income was $84230. Test the manager's claim using a level of significance of 0.05. what is your conclusion
A marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $58and a standard deviation of $55.Complete parts (a) and (b) below. a. Is there evidence that the population mean amount spent per year on the web site by membership member shoppers is different from $51? (Use a 0.01 level of significance.) State the null and alternative hypotheses.
b. In a class of twenty-five 15-year old girls the average height is M = 62.60 inches. The national average for girls at this age is reported as follows: µ = 63.80 inches with a standard deviation, s = 2.66 inches. Compute z score
The mean cholesterol level for females in a population is 200 with a standard deviation of 25. Samples of size 64 are drawn from the population. A. What is the mean of the sample means? B. What is the standard error of the sample means?
Is the difference between the mean annual salaries of entry level architects in Denver, Colorado, and Lincoln, Nebraska, equal to $10,500? To decide, you select a random sample of entry level architects from each city. The results of each survey are shown. Assume the population standard deviations are o₁ =$6511 and 2 = $6192. At a = 0.01, what should you conclude? Entry level architects Entry level architects in Denver, CO x₁ = 58,300 n₁ = 39 In Lincoln, NE x2 = 54,240 n2 = 30 What are the null and alternative hypotheses for this test? OA. Ho: H₁₂ = 10,500 Ha: H₁-H2*10,500 OD. Ho: P₁-H2>10,500 Ha: H1-H₂s 10,500 Calculate the standardized test statistic. z= (Round to two decimal places as needed.) Determine the P-value. The P-value is (Round to three decimal places as needed.) What can you conclude about the data? OB. Ho: H1 H2S 10,500 Ha H1-H2>10,500 OC. Ho: H1 H2210,500 Ha H1-H2 <10,500 OE. Ho: H1 H2*10,500 Ha: 1-2=10,500 OA. Reject Ho. At the 1% level of significance, there is…
According to the Annual survey of drugs expenditure in country X, the annual expenditure forprescription drugs is $838 per person in the Northeast region of the country. A sample of 60 individualsin the Midwest shows a per person expenditure for prescription drugs of $745. Further, it is given thatthe population standard deviation of $300 Make the final conclusion based on the analysis
A previous study found that the students' scores in a national examination in 2020 are normally distributed with mean 74 and standard deviation 3.5. a. What percentage of students got a score of at least 80? b. Given the total number of examinees is 2500, how many got a score of at least 80?
A bottled water distributor wants to determine whether the mean amount of water contained in 1-gallon bottles purchased from a nationally known water bottling company is actually 1 gallon. You know from the water bottling company specifications that the standard deviation of the amount of water is 0.02 gallon. You select a random sample of 50 bottles, and the mean amount of water per 1-gallon bottle is 0.992 gallon. What is the test statistic?

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS