Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BCbookstore costs $74.05. You want to test this claim.The null and alternative hypothesis in symbols would be:O Ho: p ≤ 74.05H₁:p> 74.05OFO Hop74.05H₁: p < 74.05Ο Ηo : μ < 74.05H : μ > 74.05O HopH₁ :p74.0574.05© Họ : | = 74.05H₁: μ74.05Ο Ηo : μ > 74.05H : μ < 74.05The null hypothesis in words would be:O The average of price of all textbooks from the store is greater than $ 74.05.O The average price of textbooks in a sample is $ 74.05The average price of all textbooks from the store is $74.05O The average of price of all textbooks from the store is less than $74.05.O The proportion of all textbooks from the store that are less than 74.05 is equal to 50%Based on a sample of 190 textbooks at the store, you find an average of 84.85 and a standard deviation of25.4.The point estimate is:The 99 % confidence interval is:Based on this we:O Fail to reject the null hypothesisO Reject the null hypothesis(to 3 decimals)to(to 3 decimals)

Population mean μ=74.05, n=190, sample mean X̄=84.85, s=25.4

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 $$ 60.27. You want to test this claim.The null and alternative hypothesis in symbols would be: H0:μ≥60.27H0:μ≥60.27H1:μ<60.27H1:μ<60.27 H0:μ=60.27H0:μ=60.27H1:μ≠60.27H1:μ≠60.27 H0:p≤60.27H0:p≤60.27H1:p>60.27H1:p>60.27 H0:p=60.27H0:p=60.27H1:p≠60.27H1:p≠60.27 H0:p≥60.27H0:p≥60.27H1:p<60.27H1:p<60.27 H0:μ≤60.27H0:μ≤60.27H1:μ>60.27H1:μ>60.27 The null hypothesis in words would be: The average of price of all textbooks from the store is greater than $$ 60.27. The average of price of all textbooks from the store is less than $$ 60.27. The proportion of all textbooks from the store that are less than 60.27 is equal to 50% The average price of all textbooks from the store is $$ 60.27 The average price of textbooks in a sample is $$ 60.27 Based on a sample of 90 textbooks at the store, you find an average of 72.27 and a standard deviation of…
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