The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.31 and has a known standard deviation of $2.14. A sample of 25 students in an online course that includes students across the country stated that their average price is $6.00. The students have also stated that they are generally unwilling to pay more than $6.75 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.75. Use a level of significance of 0.05. Is there sufficient evidence at the 0.05 level of significance that the population mean is less than $6.75? Determine the null hypothesis, Ho, and the alternative hypothesis, H,. H, H, (Type integers or decimals. Do not round.)

The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.31 and has a known standard deviation of $2.14. A sample of 25 students in an online course that includes students across the country stated that their average price is $6.00. The students have also stated that they are generally unwilling to pay more than $6.75 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.75. Use a level of significance of 0.05. Is there sufficient evidence at the 0.05 level of significance that the population mean is less than $6.75? Determine the null hypothesis, Ho, and the alternative hypothesis, H,. H, H, (Type integers or decimals. Do not round.)

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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