the world. The price of this hamburger for a sample of restaurants in Europe in
ID: 3351531 • Letter: T
Question
the world. The price of this hamburger for a sample of restaurants in Europe in 5.19 4.92 4.04 4.69 5.25 4.64 4.16 4.99 5.12 5.52 5.38 4.60 in the U.S. in January was $4.62. For purposes of this exercise, assume it is reasonable to regard the sample of these European restaurants. Does the sample provide convincing evidence that the mean January price of this hamburger in Europe is greater than the reported us, price? Test the relevant hypotheses using = 0.05. (use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to three decimal places.) greater than $4.62 greater than $4.62.Explanation / Answer
The statistical software output for this problem is:
One sample T hypothesis test:
: Mean of variable
H0 : = 4.62
HA : > 4.62
Hypothesis test results:
Hence,
t = 1.91
P - value = 0.042
Variable Sample Mean Std. Err. DF T-Stat P-value Data 4.875 0.13370309 11 1.907211 0.0415Related Questions
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