MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- You were told that the mean daily cost of a hotel room in downtown St. Louis is $120. You will be needing to rent a hotel room there in the near future and you want to find the best rate. You randomly select a sample of 18 hotel rooms and find that the average cost is $121.33 with a standard deviation of $18.046. At the α = 0.05 significance level, determine if there is enough evidence to reject the claim. What is the decision for this hypothesis test? You were told that the mean daily cost of a hotel room in downtown St. Louis is $120. You will be needing to rent a hotel room there in the near future and you want to find the best rate. You randomly select a sample of 18 hotel rooms and find that the average cost is $121.33 with a standard deviation of $18.046. At the α = 0.05 significance level, determine if there is enough evidence to reject the claim. What is the decision for this hypothesis test? Reject the null because the test statistic is in the critical region and the…arrow_forwardA study is conducted to find the mean life of a certain manufacturer's car batteries. A random sample of 34 batteries is selected and a mean of 47.5 months with a standard deviation of 7.3 months is found. Find a 95% confidence interval for the mean battery life.arrow_forwardIn a random sample of 5 mobile devices, the mean repair cost was $60.00 and the standard deviation was $12.00. Assume the population is normally distributed and use a t-distribution to find the margin of error and construct a 95% confidence interval for the population mean. Interpret the results.arrow_forward
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