Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the college bookstore tells prospective students t

The college bookstore tells prospective students that the average cost of its textbooks is $52 with...

70.2K

Verified Solution

Question

Basic Math

The college bookstore tells prospective students that theaverage cost of its textbooks is $52 with a standard deviation of$4.50. A group of smart statistics students thinks that the averagecost is higher. In order to test the bookstore’s claim againsttheir alternative, the students will select a random sample of size100. Assume that the mean from their random sample is $52.80. Testat 10% significance level.

--> Perform a hypothesis test and state your decision.

Answer & Explanation Solved by verified expert
4.1 Ratings (711 Votes)
Solution 525280s 450n 100This is the right tailed test The null and alternative    See Answer
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

Finance
1.2K views

Companies invest in expansion projects with the expectation of increasing the earnings of its business. Consider the...

Chemistry
1.2K views

1.In today experiment you will perform the aldol condensation between benzaldehyde (PhCHO) and acetone to synthesize dibenzalacetone....

Physics
1.2K views

One plate of a capacitor is connected to a spring as shown in figure Area...

Basic Math
1.2K views

To findf(a+h)-f(a)hthen utilize the results to write the desired quotient.-given f(x)= 9x2 - 11x +...

Statistics
1.2K views

shipment of 11 computers contains 2 with defects Find the probability th Il not contain...

Algebra
1.2K views

Write an exponential function in the form y = ab^x that goes through points (0,...

Accounting
1.2K views

What is the role of quality theory in sensitivity analysis

Accounting
1.2K views

Who were the United States largest trading partners 2015? Which countries do most U.S. exports...

Accounting
1.2K views

part b ended up being wrong (sunland company) ...

Accounting
1.2K views

Bryant Company reports net income of $20,200. For the year, depreciation expense is $7,200 and...

Finance
1.2K views

The total household monthly income for Mark and Mary is $4032. Mortgage payments are $1174...

Accounting
1.2K views

The primary objective of financial accounting is to ...