Is there sufficient evidence at the 0.05level of significance that the population mean is less than $6.75? Determine the null hypothesis, H0, ___ ____ ____ and the alternative hypothesis, H1 ___ ____ ____
Is there sufficient evidence at the 0.05level of significance that the population mean is less than $6.75? Determine the null hypothesis, H0, ___ ____ ____ and the alternative hypothesis, H1 ___ ____ ____
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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1. The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.34 and has a known standard deviation of $2.04.
A sample of 26 students in an online course that includes students across the country stated that their average price is $6.00. The students have also stated that they are generally unwilling to pay more than $6.75 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than$6.75. Use a level of significance of 0.05.
Is there sufficient evidence at the 0.05level of significance that the population mean is less than $6.75?
Determine the null hypothesis,
H0, ___ ____ ____
and the alternative hypothesis,H1 ___ ____ ____
(Type integers or decimals. Do not round.)
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