The following are the amounts of money (in dollars) spent by 16 persons at an amusement park:

Question:

The following are the amounts of money (in dollars) spent by 16 persons at an amusement park: 20.15, 19.85, 23.75, 18.63, 21.09, 25.63, 16.65, 19.27, 18.80, 21.45, 20.29, 19.51, 23.80, 20.00, 17.48, and 19.11. Assuming that this is a random sample from a symmetrical population and that the probability that a person will spend exactly $ 19.00 is extremely small, use the sign test at the 0.05 level of significance to test the null hypothesis that on the average a person spends $ 19.00 at the park against the alternative hypothesis that this figure is too low. Base the test on Table I.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: