Question: Need help Question 22 2 pts Important: This question continues from the previous two questions. An economist conducted a hypothesis test to test the claim

Need help

Need help Question 22 2 pts Important: This question continues from the

Question 22 2 pts Important: This question continues from the previous two questions. An economist conducted a hypothesis test to test the claim that the average cost of eating a meal at home increased from 2009 to 2010. The average cost of eating a meal at home in 2009 was $5.25. The economist collected a random sample of 30 homes and found the average cost of eating a meal for these 30 homes was $6.10 with a standard deviation of $1.50. Assume that all the conditions for testing have been met. Complete the following decision and conclusion based on the p-value found in the previous question. Decision: [ Select ] Conclusion: [ Select ] that the average cost of eating a meal at home increased from 2009 to 2010

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!