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Investigating the cost of maintaining patients

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A business manager in a health-care facility has been investigating the cost of maintaining patients within its plan. A sample of 15 cases (different from those in WQ2) for the last month reported the following:

1.$1,165.60   

2.$1,401.20

3.$1,100.00

4.$1,054.00

5.$1,245.00

6.$1,254.00

7.$1,240.00

8.$1,178.00

9.$1,234.00

10.$1,012.00 

11.$1,324.00 

12.$1,016.80 

13.$1,091.20 

14.$1,034.00 

15.$1,079.00

In its advertising campaigns, the business manager has claimed that the cost of patient care runs about $1,130 per month. 

Assuming a level of significance α =0.05 check the validity of the health care facility's claim.

Reference no: EM13945032

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