A new baker is trying to decide if he has an appropriate price set for his 3 tier wedding cakes which he sellsfor $96.55. He is particullarly interested in seeing if his wedding cakes do not sell for the average price. Hesearches online and finds that out of 37 of the competitors in his area they sell their 3 tier wedding cakesfor $89.58. From a previous study he knows the standard deviation is $9.74. Help the new baker by testingthis with a 0.10 level of significance.The correct hypotheses would be:Ο H: μ $96.55HA:µ > $96.55 (claim)O Ho : µ > $96.55HA:µ < $96.55 (claim)O Ho: µ = $96.55HA:µ + $96.55 (claim)Since the level of significance is 0.10 the critical value is 1.645 and -1.645The test statistic is:(round to 3 places)The p-value is:(round to 3 places)The decision can be made to:O reject HoO do not reject HoThe final conclusion is that:O There is enough evidence to reject the claim that his wedding cakes do not sell for the averageprice.O There is not enough evidence to reject the claim that his wedding cakes do not sell for the averageprice.O There is enough evidence to support the claim that his wedding cakes do not sell for the averageprice.O There is not enough evidence to support the claim that his wedding cakes do not sell for the averageprice.

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A new baker is trying to decide if he has an appropriate price set for his 3 tier wedding cakes which he sells for $96.55. He is particullarly interested in seeing if his wedding cakes do not sell for the average price. He searches online and finds that out of 37 of the competitors in his area they sell their 3 tier wedding cakes for $89.58. From a previous study he knows the standard deviation is $9.74. Help the new baker by testing this with a 0.10 level of significance. The correct hypotheses would be:

A new baker is trying to decide if he has an appropriate price set for his 3 tier wedding cakes which he sells for $96.55. He is particullarly interested in seeing if his wedding cakes do not sell for the average price. He searches online and finds that out of 37 of the competitors in his area they sell their 3 tier wedding cakes for $89.58. From a previous study he knows the standard deviation is $9.74. Help the new baker by testing this with a 0.10 level of significance. The correct hypotheses would be:

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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