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Author Question: In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was ... (Read 82 times)

bvyeehaw

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on: Mar 25, 2023

In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample was $108.50 with a standard deviation of $16.

a.Formulate the hypotheses to determine whether or not the average room price is significantly different from $112.
b.Compute the test statistic.
c.At 95% confidence using the p-value approach, test the hypotheses. Let α = 0.1.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by bvyeehaw on Mar 25, 2023

xinyifff

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bvyeehaw

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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