Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BCbookstore costs $70.67. You want to test this claim.The null and alternative hypothesis in symbols would be:© Ho:μ > 70.67H: μ < 70.67©©Ho:p = 70.67H₁:p 70.67Ho: μ < 70.67H:μ > 70.67Ho: μ = 70.67Η: μ + 70.67Ho:p ≤ 70.67H₁:p> 70.67Ho:p> 70.67H₁: p < 70.67The null hypothesis in words would be:The average of price of all textbooks from the store is less than $70.67.The proportion of all textbooks from the store that are less than 70.67 is equal to 50%o The average price of textbooks in a sample is $ 70.67The average price of all textbooks from the store is $70.67The average of price of all textbooks from the store is greater than $ 70.67.Based on a sample of 190 textbooks at the store, you find an average of 69.07 and a standard deviation of22.6.The point estimate is:The 90 % confidence interval (use z*) is:decimals)Based on this we:o Reject the null hypothesisFail to reject the null hypothesis(to 3 decimals)to(to 3

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Answered: Suppose that BC financial aid alots 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 alots a textbook stipend by claiming that the average textbook at BC bookstore costs $70.67. You want to test this claim. The null and alternative hypothesis in symbols would be: Ho: μ > 70.67