The average person spends a mean amount of $10.20 on coffee per week. You are interested to test if the average amount spent on coffee by McMaster students is lower than this value. You take a random sample of 31 students at McMaster and find that the students in your sample spend on average $12.41 on coffee per week. If the standard deviation of the sample, s, is $5.25, calculate the associated test statistic (t-static) for this test. Note: 1- Round your intermediate numbers to 4 decimal places. 2- Round you final answer to 3 decimal places. Enter your final answer to 3 decimal places. Your Answer: Answer

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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The average person spends a mean amount of $10.20 on coffee per week. You are
interested to test if the average amount spent on coffee by McMaster students is
lower than this value. You take a random sample of 31 students at McMaster and
find that the students in your sample spend on average $12.41 on coffee per week. If
the standard deviation of the sample, s, is $5.25, calculate the associated test
statistic (t-static) for this test.
Note:
1- Round your intermediate numbers to 4 decimal places.
2- Round you final answer to 3 decimal places. Enter your final answer to 3 decimal,
places.
Your Answer:
Answer
Transcribed Image Text:The average person spends a mean amount of $10.20 on coffee per week. You are interested to test if the average amount spent on coffee by McMaster students is lower than this value. You take a random sample of 31 students at McMaster and find that the students in your sample spend on average $12.41 on coffee per week. If the standard deviation of the sample, s, is $5.25, calculate the associated test statistic (t-static) for this test. Note: 1- Round your intermediate numbers to 4 decimal places. 2- Round you final answer to 3 decimal places. Enter your final answer to 3 decimal, places. Your Answer: Answer
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