Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive rooms. You have narrowed your choices to Atlanta and Houston. The table containing samples of prices for rooms in Atlanta and Houston is provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Because considerable historical data on the prices of rooms in both cities are available, the population standard deviations for the prices can be assumed to be $22.4 in Atlanta and $28.19 in Houston. Open spreadsheet Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than one in Houston? Use a = .05 and null hypothesis is Ho Atlanta - Houston ≥ 0. z-value -1.49 (to 2 decimals) p-value 0.0694 (to 4 decimals) Reject the null hypothesis? Do not reject ✔ We cannot conclude that the mean price of a hotel room in Atlanta is lower than the mean price of a hotel room in Houston.
Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive rooms. You have narrowed your choices to Atlanta and Houston. The table containing samples of prices for rooms in Atlanta and Houston is provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Because considerable historical data on the prices of rooms in both cities are available, the population standard deviations for the prices can be assumed to be $22.4 in Atlanta and $28.19 in Houston. Open spreadsheet Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than one in Houston? Use a = .05 and null hypothesis is Ho Atlanta - Houston ≥ 0. z-value -1.49 (to 2 decimals) p-value 0.0694 (to 4 decimals) Reject the null hypothesis? Do not reject ✔ We cannot conclude that the mean price of a hotel room in Atlanta is lower than the mean price of a hotel room in Houston.
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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Transcribed Image Text:Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least
expensive rooms. You have narrowed your choices to Atlanta and Houston. The table containing samples of prices for rooms in Atlanta and Houston is provided in the Excel Online file
below. Construct a spreadsheet to answer the following questions. Because considerable historical data on the prices of rooms in both cities are available, the population standard
deviations for the prices can be assumed to be $22.4 in Atlanta and $28.19 in Houston.
X
Open spreadsheet
Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than one in Houston? Use
a = .05 and null hypothesis is
Ho Atlanta
Houston >0.
z-value -1.49
p-value 0.0694
Reject the null hypothesis? Do not reject
We cannot conclude
(to 2 decimals)
(to 4 decimals)
Check My Work
that the mean price of a hotel room in Atlanta is lower than the mean price of a hotel room in Houston.
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