MAS291_-_FA_2023_-_B3W_-_RE_1326.webp
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MAS291_-_FA_2023_-_B3W_-_RE_1326.webp

  • Media owner Gray89
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(Choose 1 answer)
(See picture)
A. No, because the Z_STAT=1.28 is less than the Z_CRIT=1.96
B. Yes, because the Z_STAT=7.28 is greater than the Z_CRIT=1.645
C. Yes, because the Z_STAT=3.28 is greater than the Z_CRIT=1.96
D. No, because the Z_STAT=4.28 is greater than the Z_CRIT=1.645
Suppose we would like to determine if the typical amount spent per customer for dinner is more than $20.00. A sample of 49 customers was randomly selected and the average amount spent was $22.60. Assume that the population standard deviation is known to be $2.50. Using a 0.05 level of significance, would we conclude the typical amount spent per customer is more than $20.00?Given that Z0.025 1.96 and Z0.05=1.645

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