Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 79.12. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:u 2 79.12 H1:4 < 79.12 O Ho:p < 79.12 H1:p > 79.12 O Ho:p = 79.12 H1:p # 79.12 O Ho:H < 79.12 H:4 > 79.12 O Ho:p 2 79.12 H1:p < 79.12 O Ho:u = 79.12 H1:µ 7 79.12 The null hypothesis in words would be: OThe average price of all textbooks from the store is $ 79.12 O The average price of textbooks in a sample is $ 79.12 O The average of price of all textbooks from the store is greater than $ 79.12. OThe proportion of all textbooks from the store that are less than 79.12 is equal to 50% OThe average of price of all textbooks from the store is less than $ 79.12. The population standard deviation is known to be 10 and based on a sample of 50 textbooks at the store, you find an average of 93.32. The point estimate is: The 95 % confidence interval is: to (to 3 decimals) Based on this we: O Reject the null hypothesis O Fail to reject the null hypothesis

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 79.12. You want to test this
claim. The null and alternative hypothesis in symbols would be:
O Ho:u 2 79.12
H1:4 < 79.12
O Ho:p < 79.12
H1:p > 79.12
O Ho:p = 79.12
H1:p # 79.12
O Ho:H < 79.12
H:4 > 79.12
O Ho:p 2 79.12
H1:p < 79.12
O Ho:u = 79.12
H1:µ 7 79.12
The null hypothesis in words would be:
OThe average price of all textbooks from the store is $ 79.12
O The average price of textbooks in a sample is $ 79.12
O The average of price of all textbooks from the store is greater than $ 79.12.
OThe proportion of all textbooks from the store that are less than 79.12 is equal to 50%
OThe average of price of all textbooks from the store is less than $ 79.12.
The population standard deviation is known to be 10 and based on a sample of 50 textbooks at the store, you find an average of 93.32.
The point estimate is:
The 95 % confidence interval is:
to
(to 3 decimals)
Based on this we:
O Reject the null hypothesis
O Fail to reject the null hypothesis
Transcribed Image Text:Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 79.12. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:u 2 79.12 H1:4 < 79.12 O Ho:p < 79.12 H1:p > 79.12 O Ho:p = 79.12 H1:p # 79.12 O Ho:H < 79.12 H:4 > 79.12 O Ho:p 2 79.12 H1:p < 79.12 O Ho:u = 79.12 H1:µ 7 79.12 The null hypothesis in words would be: OThe average price of all textbooks from the store is $ 79.12 O The average price of textbooks in a sample is $ 79.12 O The average of price of all textbooks from the store is greater than $ 79.12. OThe proportion of all textbooks from the store that are less than 79.12 is equal to 50% OThe average of price of all textbooks from the store is less than $ 79.12. The population standard deviation is known to be 10 and based on a sample of 50 textbooks at the store, you find an average of 93.32. The point estimate is: The 95 % confidence interval is: to (to 3 decimals) Based on this we: O Reject the null hypothesis O Fail to reject the null hypothesis
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman