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7.52 [Data Set: RMPR] RETAIL MILK PRICE REPORT. Refer to the US Department of Agriculture's monthly Retail Milk Prices Report, introduced in Exercise 6.2910. The
7.52 [Data Set: RMPR] RETAIL MILK PRICE REPORT. Refer to the US Department of Agriculture's monthly Retail Milk Prices Report, introduced in Exercise 6.2910. The December 2019 prices (dollars per gallon) for conventional whole milk for a sample of 10 US cities are reproduced in the accompanying table. Suppose a dairy farmer believes that true mean December 2019 retail whole milk price for all US cities exceeds $3.30. US City Price ($/gallon) Atlanta, GA 3.72 Boston, MA 3.32 Cincinnati, OH 3.09 Dallas, TX 2.59 Detroit, MI 2.72 Miami, FL 4.02 New Orleans, LA 3.95 Pittsburgh, PA 4.34 Syracuse, NY 3.45 Washington, DC 3.82a. Set up the nuLl and alternative hypotheses for testing the dairy farmer's claim. '3. Compute the test statistic. 1:. Give the rejection region for the test. :1. Make the appropriate conclusion using or = .01. g. What conditions must be satised for inferences derived from the test to be valid
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