Question: While you were running latency tests and analyzing other processes, En-range Networks conducted a study that was designed to find out what price customers would

While you were running latency tests and analyzing other processes, En-range Networks conducted a study that was designed to find out what price customers would pay for high-speed internet. En-Range asked a random sample of 17 potential customers what price that they would pay for En-range services. The responses were:

Potential Customer 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17

Highest Price Willing to Pay (yen)7900, 11300, 13500, 6500, 5920, 6200, 6800, 1150, 8500, 7900, 8250, 5970, 20000, 7550, 6900, 10000, 1250

En-range thinks that their average customer would be be willing to pay 8000 Yen. They ask you to run another statistical test to see if this is true. You decide to conduct another t-test. You want to see if the mean of this data isnot8000. Use=.05

What is the p-value of your t-test?

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