Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. At a significance level of 5%, what is your conclusion?AFail to reject the null. There is evidence that the average amount raised by teams is still $375.BReject the null. There is strong evidence that the mean amount raised by teams has increased from $396.CFail to reject the null. There is not enough evidence to say that the average amount raised by teams has increased.DReject the null. There is strong evidence that the mean amount raised by teams has increased from $375.EReject the null. There is strong evidence that the mean amount raised by teams is $396.

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Answered: Last year, the average amount that…

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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Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. At a significance level of 5%, what is your conclusion?

Fail to reject the null. There is evidence that the average amount raised by teams is still $375.

Reject the null. There is strong evidence that the mean amount raised by teams has increased from $396.

Fail to reject the null. There is not enough evidence to say that the average amount raised by teams has increased.

Reject the null. There is strong evidence that the mean amount raised by teams has increased from $375.

Reject the null. There is strong evidence that the mean amount raised by teams is $396.

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