The mean price of a cup of coffee in Portland, OR is $3.92. The owner of a new coffee house believes that the mean price of coffee is different in their neighborhood. A sample of 8 coffee prices from other local coffee shops in their area are shown below. Price 2.7 3.35 3.55 4.7 3.4 3.95 4.15 4.65 Test the claim that mean price of a cup of coffee is not equal to $3.92 using a 10% level of significance. Assume that the coffee prices are normally distributed. Give answers to at least 2 decimal places. a) Fill in the hypotheses below: Ho: Select an answer ✓ H₁: Select an answer ✓ ? ✓ $ ? ✓ $ b) The p-value is 0.6542. The correct decision is to Select an answer The correct summary would be: [Select an answer price of a cup of coffee is not equal to $3.92. ✓that the population mean

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The mean price of a cup of coffee in Portland, OR is $3.92. The owner of a new coffee house believes that
the mean price of coffee is different in their neighborhood. A sample of 8 coffee prices from other local
coffee shops in their area are shown below.
Price
2.7
3.35
3.55
4.7
3.4
3.95
4.15
4.65
Test the claim that mean price of a cup of coffee is not equal to $3.92 using a 10% level of significance.
Assume that the coffee prices are normally distributed. Give answers to at least 2 decimal places.
a) Fill in the hypotheses below:
Ho: Select an answer ✓
H₁: Select an answer ✓
? ✓ $
? ✓ $
b) The p-value is 0.6542.
The correct decision is to Select an answer
The correct summary would be: [Select an answer
price of a cup of coffee is not equal to $3.92.
that the population mean
Transcribed Image Text:The mean price of a cup of coffee in Portland, OR is $3.92. The owner of a new coffee house believes that the mean price of coffee is different in their neighborhood. A sample of 8 coffee prices from other local coffee shops in their area are shown below. Price 2.7 3.35 3.55 4.7 3.4 3.95 4.15 4.65 Test the claim that mean price of a cup of coffee is not equal to $3.92 using a 10% level of significance. Assume that the coffee prices are normally distributed. Give answers to at least 2 decimal places. a) Fill in the hypotheses below: Ho: Select an answer ✓ H₁: Select an answer ✓ ? ✓ $ ? ✓ $ b) The p-value is 0.6542. The correct decision is to Select an answer The correct summary would be: [Select an answer price of a cup of coffee is not equal to $3.92. that the population mean
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