Multiple choices 50/50
Answer (Choose 1 answer)
A. None of the other choices is true
B. -2.16
C. -1.37
D. 2.21
E. 2.55
Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. A random sample of 12 assisted-living facilities had an average rate of $3,690 per month and a standard of $530. It is believed that the monthly rate for one-bedroom assisted-living facility is normally distributed. Use the significance level of 0.05 for this hypothesis test, what is the value of the test statistic?
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