Test the claim that mean price of a cup of coffee is not equal to $3.58 using a 10 % significance level. Assume that the coffee prices are normally distributed. Fill in the hypotheses below: Ho: Select an answer ? ✓ $ Ha: Select an answer ✓ ?$

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The mean price of a cup of coffee in Portland, OR is $3.58. The owner of a new coffee house believes that
the mean price of coffee is different in their neighborhood. A sample of 10 coffee prices from other local
coffee shops in their area are shown below.
5
3.1
2.15 2.55
2.7 4.15
4.45
4.4
3.15
4.95
Test the claim that mean price of a cup of coffee is not equal to $3.58 using a 10 % significance level.
Assume that the coffee prices are normally distributed.
Fill in the hypotheses below:
Ho: Select an answer
Ha: Select an answer ✓
? ✓ $
? ✓ $
Transcribed Image Text:The mean price of a cup of coffee in Portland, OR is $3.58. The owner of a new coffee house believes that the mean price of coffee is different in their neighborhood. A sample of 10 coffee prices from other local coffee shops in their area are shown below. 5 3.1 2.15 2.55 2.7 4.15 4.45 4.4 3.15 4.95 Test the claim that mean price of a cup of coffee is not equal to $3.58 using a 10 % significance level. Assume that the coffee prices are normally distributed. Fill in the hypotheses below: Ho: Select an answer Ha: Select an answer ✓ ? ✓ $ ? ✓ $
Expert Solution
Step 1

Given Information:

μ=3.58n=10α=0.10

A sample of 10 coffee prices is shown below:

3.1,5,4.4,2.15,2.55,3.15,2.7,4.15,4.95,4.45

 

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