State your conclusion to the following hypothesis test. An economist conducted a hypothesis test on the claim that the average cost of eating a meal away from home decreased from 2015 to 2016. The average cost of eating a meal away from home in 2015 was $8.15 per person per meal. He used technology to complete the hypothesis test at the 0.05 level of significance and found a p-value = 0.07. Assume that all conditions for testing have been met and choose the statement that contains the correct conclusion. There is not sufficient evidence to support the claim that the average cost of eating away from home has not changed since 2015. There is sufficient evidence to support the claim that the average cost of eating away from home has not changed since 2015. There is not sufficient evidence to support the claim that the average cost of eating away from home has decreased since 2015. There is sufficient evidence to support the claim that the average cost of eating away from home has decreased since 2015.
State your conclusion to the following hypothesis test. An economist conducted a hypothesis test on the claim that the average cost of eating a meal away from home decreased from 2015 to 2016. The average cost of eating a meal away from home in 2015 was $8.15 per person per meal. He used technology to complete the hypothesis test at the 0.05 level of significance and found a p-value = 0.07. Assume that all conditions for testing have been met and choose the statement that contains the correct conclusion. There is not sufficient evidence to support the claim that the average cost of eating away from home has not changed since 2015. There is sufficient evidence to support the claim that the average cost of eating away from home has not changed since 2015. There is not sufficient evidence to support the claim that the average cost of eating away from home has decreased since 2015. There is sufficient evidence to support the claim that the average cost of eating away from home has decreased since 2015.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
8)

Transcribed Image Text:State your conclusion to the following hypothesis test.
An economist conducted a hypothesis test on the claim that the average cost of
eating a meal away from home decreased from 2015 to 2016. The average cost of
eating a meal away from home in 2015 was $8.15 per person per meal. He used
technology to complete the hypothesis test at the 0.05 level of significance and
found a p-value = 0.07.
Assume that all conditions for testing have been met and choose the statement that
contains the correct conclusion.
There is not sufficient evidence to support the claim that the average cost of
eating away from home has not changed since 2015.
There is sufficient evidence to support the claim that the average cost of eating
away from home has not changed since 2015.
There is not sufficient evidence to support the claim that the average cost of
eating away from home has decreased since 2015.
There is sufficient evidence to support the claim that the average cost of eating
away from home has decreased since 2015.
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