Question: According to Zagats latest edition, the average cost for a dinner at better restaurants in the US is $ 35.37. In a survey of 36
According to Zagat’s latest edition, the average cost for a dinner at better restaurants in the US is $ 35.37. In a survey of 36 randomly selected local restaurants, you find the average cost for a dinner is $ 32.80. Is this sample result sufficient to make the case that the local average is less than Zagat’s national average of $35.37? Use a significance level of 5% and assume the local population standard deviation is $ 6.60. Report the p value for this sample result and explain what it means.
Step by Step Solution
3.45 Rating (165 Votes )
There are 3 Steps involved in it
Population All local restaurants Characteristic of Interest the aver... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
486-M-S-H-T (1207).docx
120 KBs Word File
