The price of a gallon of milk at 16 randomly selected Arizonastores is given below. Assume that milk prices are normallydistributed. At the ?=0.10?=0.10 level of significance, is thereenough evidence to conclude that the mean price of a gallon of milkin Arizona is less than $3.00? (Round your results to threedecimal places)
Which would be correct hypotheses for this test?
- H0:?=$3H0:?=$3, H1:??$3H1:??$3
- H0:?=$3H0:?=$3, H1:?>$3H1:?>$3
- H0:??$3H0:??$3, H1:?=$3H1:?=$3
- H0:?<$3H0:?<$3, H1:?=$3H1:?=$3
- H0:?=$3H0:?=$3, H1:?<$3H1:?<$3
Gallon of Milk prices:
2.85 | 3.23 | 3.23 | 2.93 |
3.07 | 2.75 | 3.17 | 2.51 |
2.89 | 3.23 | 2.79 | 2.77 |
2.61 | 3.17 | 2.85 | 2.75 |
test statistic:
Give the P-value: