Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 88.74. You want to test this claim. Based on a sample of 70 textbooks at the store, you find an average of 92.14 and a standard deviation of 29.6. The point estimate is:  (to 3 decimals) The 95 % confidence interval (use z*) is:  to  (to 3 decimals) Based on this we: Reject the null hypothesis Fail to reject the null hypothesis

A First Course in Probability (10th Edition)
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ISBN:9780134753119
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 88.74. You want to test this claim.


Based on a sample of 70 textbooks at the store, you find an average of 92.14 and a standard deviation of 29.6.

The point estimate is:  (to 3 decimals)

The 95 % confidence interval (use z*) is:  to  (to 3 decimals)

Based on this we:

  • Reject the null hypothesis
  • Fail to reject the null hypothesis
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