a) State the null hypothesesb) Compute the test statisticc) Compute the p-valued) Compute the critical value(s)e) What is the manegerial conclusion?f) What type of error did you commit?

1The cost of common good and services in five cities is shown in the table. Fast Food City Aspirin (100) (hamburger, fries, Toothpaste (6.4 Internet service oz) soft drink) Los Angeles $7.69 $4.15 $2.42 $20.11 Tokyo $35.93 $7.62 $4.24 $76.24 London $9.69 $5.80 $3.63 $44.35 Sydney $7.43 $4.53 $2.08 $29.93 Mexico City $1.16 $3.63 $1.08 $17.94 You have just returned from a business trip and you lost your receipt for the fast food you eaten for lunch but would like to be reimbursed by your company. You submitted an estimated cost of $4. Your boss claims that the average cost of fastfood lunch is more than $4. Use the above data, can you prove your boss is wrong? Conduct the necessary hypothesis test usinga = 0. 10. Assume that all costs are normally distributed Answer the following 6 questions: (Round your answers to 4 decimal places) Note: Use the steps of hypothesis testing to answer the questions. a) State the null hypotheses b) Compute the test statistic