4. Fill in the blank. Medicare would like to test the hypothesis that the average...

60.1K

Verified Solution

Question

Accounting

4. Fill in the blank. Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. A random sample of 12 assisted-living facilities had an average rate of $3,690 per month. The standard deviation for this sample Round to two decimal was $530. Medicare would like to set a = 0.05. The test statistic for this hypothesis test would be places. OA. Z = 1.98 OB. =-2.16 OC. 2.55 OD. = -1.37

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students