MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 76.13. You want to test this claim.
The null hypothesis in words would be:
- The proportion of all textbooks from the store that are less than 76.13 is equal to 50%
- The average of price of all textbooks from the store is greater than $$ 76.13.
- The average price of all textbooks from the store is $$ 76.13
- The average price of textbooks in a sample is $$ 76.13
- The average of price of all textbooks from the store is less than $$ 76.13.
Based on a sample of 120 textbooks at the store, you find an average of 83.33 and a standard deviation of 10.
The point estimate is: (to 3 decimals)
The 95 % confidence interval (use z*) is: to (to 3 decimals)
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