Must null hypothesis rejected at alpha on basis of p-value


A college professor claims that the average cost of a paperback textbook is greater than $27.50. A sample of 50 books has an average cost of $29.30. The standard deviation of the sample is $5.00. Find the P-value for the test. On the basis of the P-value, should the null hypothesis be rejected at a = 0.05?

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Must null hypothesis rejected at alpha on basis of p-value
Reference No:- TGS0544069

Expected delivery within 24 Hours