Evidences to reject the claim

Reference no: EM1393584

Liberty travel advertises stating they have very competitive rates. They claim that the mean cost for lodging daily for two adults when on a vacation in Chicago Illinois is at least $240.00. A random sample of 24 groups of adults has a mean daily lodging cost of $233 and a standard deviation of $12.50. Is there enough evidence to reject the claim at α= 0.10? Assume the population is normally distributed.

a. Write the claim (Ho and Ha)

b. Find the P-value

c. Decide whether to reject or fail to reject the claim.

d. Interpret.

Reference no: EM1393584

Questions Cloud

Action potential in median giant axon : Did the amplitude of the action potential in median giant axon vary with stimulus voltage? What is the physiological basis for your answer?

How is marketing management both an art also a science : Explain why a industry would choose to follow rather than lead technology innovations.

Trade unions are irrelevant and belong to the past : Did the Rudd Government get the balance right with the Fair Work Act? Evaluate the cases for and against substantial overhaul of the current Act.

Explain how important is product quality : Illustrate what criteria would you suggest which Pepsi also Suntory use when screening ideas for new limited edition soft drinks.

Evidences to reject the claim : A random sample of 24 groups of adults has a mean daily lodging cost of $233 and a standard deviation of $12.50. Is there enough evidence to reject the claim at α= 0.10? Assume the population is normally distributed.

Information about quantitative reasoning for business : Please assist regarding an index based on how people feel about the economy. In this case, the base was 1985 and set at 100.

Explain how might the social value of low versus high power : Explain how might the social value of low versus high power distance influence explain how you would lead also motivate employees? Illustrate what about the value of low versus high performance orientation.

Correlation coefficient and descriptive statistics : Give a brief definition and an example of the following: What does the correlation coefficient r describe? What about r squared?

Describe osborne''s current leadership style : How would you describe Osborne's current leadership style? Based on the path goal theory, which style do you think he might most effective use to turn things around with Larry Gibson?

User Account

All Pages