Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.79. You want to test this claim. The null and alternative hypothesis in symbols would be:H0:p≤60.79H0:p≤60.79H1:p>60.79H1:p>60.79H0:μ=60.79H0:μ=60.79H1:μ≠60.79H1:μ≠60.79H0:p=60.79H0:p=60.79H1:p≠60.79H1:p≠60.79H0:μ≥60.79H0:μ≥60.79H1:μ<60.79H1:μ<60.79H0:p≥60.79H0:p≥60.79H1:p<60.79H1:p<60.79H0:μ≤60.79H0:μ≤60.79The null hypothesis in words would be: The proportion of all textbooks from the store that are less than 60.79 is equal to 50%The average price of textbooks in a sample is $$ 60.79The average of price of all textbooks from the store is greater than $$ 60.79.The average price of all textbooks from the store is $$ 60.79The average of price of all textbooks from the store is less than $$ 60.79.Based on a sample of 70 textbooks at the store, you find an average of 60.19 and a standard deviation of 26.8. The point estimate is: (to 3 decimals) The 95 % confidence interval (use z*) is: to (to 3 decimals) Based on this we:Fail to reject the null hypothesisReject the null hypothesis

It is given that the average textbook at BC bookstore costs $$ 60.79.

Answered: Suppose that BC financial aid allots a…

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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Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 60.79. You want to test this claim. The null and alternative hypothesis in symbols would be:

H0:p≤60.79H0:p≤60.79
H1:p>60.79H1:p>60.79
H0:μ=60.79H0:μ=60.79
H1:μ≠60.79H1:μ≠60.79
H0:p=60.79H0:p=60.79
H1:p≠60.79H1:p≠60.79
H0:μ≥60.79H0:μ≥60.79
H1:μ<60.79H1:μ<60.79
H0:p≥60.79H0:p≥60.79
H1:p<60.79H1:p<60.79
H0:μ≤60.79H0:μ≤60.79
The null hypothesis in words would be:
- The proportion of all textbooks from the store that are less than 60.79 is equal to 50%
- The average price of textbooks in a sample is $$ 60.79
- The average of price of all textbooks from the store is greater than $$ 60.79.
- The average price of all textbooks from the store is $$ 60.79
- The average of price of all textbooks from the store is less than $$ 60.79.
Based on a sample of 70 textbooks at the store, you find an average of 60.19 and a standard deviation of 26.8. The point estimate is: (to 3
decimals) The 95 % confidence interval (use z*) is: to (to 3 decimals) Based on this we:
- Fail to reject the null hypothesis
- Reject the null hypothesis