[Solution] A person claims that the average price of a car wash in West Newton great than $3.00. A sample of five car washes had an average price of $3.70


Question: A person claims that the average price of a car wash in West Newton great than $3.00. A sample of five car washes had an average price of $3.70 and a standard deviation of $0.30. At \[\alpha =0.05\] , test the claim.

  1. State the null and alternative hypothesis.

b. Compute the test value.

c. Find critical value(s).

d. Find p-value and

e. Make a decision to reject or not reject the null hypothesis. Justify your decision by using classical and p-value approaches.

f. Make a conclusion

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in