The standard deviation of sample is 500 find p-valuenbspfor

Reference no: EM13470930

A college professor claims that the average cost of a paperback textbook is greater than $27.50. A sample of 50 books has an average cost of $29.30. The standard deviation of the sample is $5.00. Find the P-value for the test. On the basis of the P-value, should the null hypothesis be rejected at a = 0.05?

Reference no: EM13470930

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