Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 68.59. You want to test this claim.The null and alternative hypothesis in symbols would be:H0:μ≤68.59H0:μ≤68.59H1:μ>68.59H1:μ>68.59H0:p=68.59H0:p=68.59H1:p≠68.59H1:p≠68.59H0:p≤68.59H0:p≤68.59H1:p>68.59H1:p>68.59H0:μ=68.59H0:μ=68.59H1:μ≠68.59H1:μ≠68.59H0:p≥68.59H0:p≥68.59H1:p<68.59H1:p<68.59H0:μ≥68.59H0:μ≥68.59H1:μ<68.59H1:μ<68.59The null hypothesis in words would be: The average price of textbooks in a sample is $$ 68.59The average of price of all textbooks from the store is less than $$ 68.59.The average of price of all textbooks from the store is greater than $$ 68.59.The average price of all textbooks from the store is $$ 68.59The proportion of all textbooks from the store that are less than 68.59 is equal to 50%Based on a sample of 100 textbooks at the store, you find an average of 70.39 and a standard deviation of 29.6.The point estimate is: __ (to 3 decimals)The 90 % confidence interval (use z*) is: __ to __ (to 3 decimals)Based on this we:Reject the null hypothesisFail to reject the null hypothesis

Followings are the answer of the question 1) The null and alternative hypothesis in symbols would…

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 $$ 68.59. You want to test this claim.

The null and alternative hypothesis in symbols would be:

H0:μ≤68.59H0:μ≤68.59
H1:μ>68.59H1:μ>68.59
H0:p=68.59H0:p=68.59
H1:p≠68.59H1:p≠68.59
H0:p≤68.59H0:p≤68.59
H1:p>68.59H1:p>68.59
H0:μ=68.59H0:μ=68.59
H1:μ≠68.59H1:μ≠68.59
H0:p≥68.59H0:p≥68.59
H1:p<68.59H1:p<68.59
H0:μ≥68.59H0:μ≥68.59
H1:μ<68.59H1:μ<68.59

The null hypothesis in words would be:

The average price of textbooks in a sample is $$ 68.59
The average of price of all textbooks from the store is less than $$ 68.59.
The average of price of all textbooks from the store is greater than $$ 68.59.
The average price of all textbooks from the store is $$ 68.59
The proportion of all textbooks from the store that are less than 68.59 is equal to 50%

Based on a sample of 100 textbooks at the store, you find an average of 70.39 and a standard deviation of 29.6.

The point estimate is: __ (to 3 decimals)

The 90 % confidence interval (use z*) is: __ to __ (to 3 decimals)

Based on this we: