A person claims that the average price of a car wash in West Newton great than $3.00. A sample of fi
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.
a. 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
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See Answer: The solution file consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
