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Claim using a significance level

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Reference no: EM131638612

According to a Wall Street Journal article, the average room rate for a New York City hotel was $231 in June 2010. To verify this claim, the Chamber of Commerce of New York City randomly sampled 30 room rates and found a sample mean of $222.80 and a sample standard deviation of $15. Test this claim using a significance level of α = 0.01.

Reference no: EM131638612

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