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Question 2, 7.2.7 Part 1 of 4 Homework: HW-7 (Chapter 7) The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.37 and has a known standard deviation of $2.31. A sample of 26 students in an online course that includes students across the country stated that their average price is $5.75. The students have also stated that they are generally unwilling pay more than $6.50 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.50. Use a level of significance of 0.01. Is there sufficient evidence at the 0.01 level of significance that the population mean is less than $6.50? Determine the null hypothesis, H₂, and the alternative hypothesis, H₁ H₂) H₂ (Type integers or decimals. Do not round.) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save
Homework: HW-7 (Chapter 7) H₂: H.: (Typ Is there sufficient evidence at the 0.01 level of significance that the population mean is less than $6.50? Determine the null hypothesis, Ho, and the alternative hypothesis, H₁. ▼ The price of a certain combo meal different franchises of a national fast food company varies from $5.00 to $17.37 and has a known standard deviation of $2.31. A sample of 26 students in an online course that Includes students across the country stated that their average price is $5.75. The students have also stated that they are generally unwilling to pay more than $6.50 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.50. Use a level of significance of 0.01. I L Question 2, 7.2.7 Part 1 of 4 ( decimals. Do not round.) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save
Homework: HW-7 (Chapter 7) Is there sufficient evidence at the 0.01 level of significance that the population mean is less than $6.50? Determine the null hypothesis, Ho, and the alternative hypothesis. H₁. H₂ H₂: ▼ (Type inte The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.37 and has a known standard deviation of $2.31. A sample of 26 students in an online course that includes students across the country stated that their average price is $5.75. The students have also stated that they are generally unwilling to pay more than $6.50 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.50. Use a level of significance of 0.01. Help r Question 2, 7.2.7 Part 1 of 4 als. Do not round.) is View an example Get more help HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Clear all Check answer