You think that the average franchise investment information is $143,260 incorrect. So, you randomly select 30 and determine the necessary investr each. Data for Investment for 30 Franchises. $70,700 $114,700 $134,400 $151,100 S169,300 S69,400 $119,600 $136,700 S151,700 $167,400 $97,100 $131,200 $143,300 $163,000 $159,100 $100, $132, $143, $163,: $170, $90,600 S85,500 $127,200 $140,900 $159,800 $123,600 $138,500 $157,200 $168,800 Identify the claim. Then state the null and alternative hypotheses. If there enough evidence to support your claim at a = 0.05? Use a P – valu Interpret the decision in the context of the original claim, Sketch a graph. S168,800

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Author:Amos Gilat
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You think that the average franchise investment information is $143,260 is
incorrect. So, you randomly select 30 and determine the necessary investment for
each.
Data for Investment for 30 Franchises.
$69,400
$119,600
$136,700
$151,700
$167,400
$90,600
$123,600
$138,500
$157,200
$168,800
$97,100
$70,700
$114,700
$134,400
$151,100
$169,300
Identify the claim. Then state the null and alternative hypotheses.
If there enough evidence to support your claim at a = 0.05? Use a P – value.
Interpret the decision in the context of the original claim. Sketch a graph.
S85,500
$127,200
$140,900
$159,800
$100,800
$131,200
$143,300
$163,000
$159,100
$132,000
$143,900
$163,500
$170,200
$168,800
Transcribed Image Text:You think that the average franchise investment information is $143,260 is incorrect. So, you randomly select 30 and determine the necessary investment for each. Data for Investment for 30 Franchises. $69,400 $119,600 $136,700 $151,700 $167,400 $90,600 $123,600 $138,500 $157,200 $168,800 $97,100 $70,700 $114,700 $134,400 $151,100 $169,300 Identify the claim. Then state the null and alternative hypotheses. If there enough evidence to support your claim at a = 0.05? Use a P – value. Interpret the decision in the context of the original claim. Sketch a graph. S85,500 $127,200 $140,900 $159,800 $100,800 $131,200 $143,300 $163,000 $159,100 $132,000 $143,900 $163,500 $170,200 $168,800
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