Question
1.The JSU bookstore tells incoming freshman that the average cost of its textbooks is $51 with a standard deviation of $4.20. You think that the
1.The JSU bookstore tells incoming freshman that the average cost of its textbooks is $51 with a standard deviation of $4.20. You think that the average cost is higher. In order to test the bookstore's claim against their alternative, you select a random sample of 100 books. Assume that the mean from their random sample is $51.85. Perform a hypothesis test at the 5% level of significance and state your decision.
List:
1.State the H0
2.State the H1
3.Choose alpha
4.Choose n
5.Choose Test
6.Set up critical value(s)
7.Collect data
8.Compute test statistic and p-value
9.Make statistical decision
10.Express conclusion
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