The average ticket price for an NBA game in the last pre-Covid season (2018-2019) was $154. The current 2021-2022 season is the first post-Covid season, and you want to find out if the average ticket price has increased. Out of the N =1230 current season games, so far you only have a sample of n = 36 games and your sample average ticket price is ?̅ = $211. You can assume, based on previous seasons, that the population standard deviation is σ = $100. Test your hypothesis using the critical value approach at the 99% confidence level.
The average ticket price for an NBA game in the last pre-Covid season (2018-2019) was $154. The current 2021-2022 season is the first post-Covid season, and you want to find out if the average ticket price has increased. Out of the N =1230 current season games, so far you only have a sample of n = 36 games and your sample average ticket price is ?̅ = $211. You can assume, based on previous seasons, that the population standard deviation is σ = $100. Test your hypothesis using the critical value approach at the 99% confidence level.
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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The average ticket price for an NBA game in the last pre-Covid season (2018-2019) was $154. The current 2021-2022 season is the first post-Covid season, and you want to find out if the average ticket price has increased. Out of the N =1230 current season games, so far you only have a sample of n = 36 games and your sample average ticket price is ?̅ = $211. You can assume, based on previous seasons, that the population standard deviation is σ = $100. Test your hypothesis using the critical value approach at the 99% confidence level.
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