A

In order to determine the average price of hotel rooms in Atlanta, a sample of 58 hotels were selected. It was determined that the average price of the rooms in the sample was $109.3. The population standard deviation is known to be $15. We would like totestwhether or not the average room price is significantlydifferentfrom $110.

Compute the test statistic.

B

In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels were selected. It was determined that the test statistic (z) was $-1.54. We would like totestwhether or not the average room price is significantlydifferentfrom $110.Population standard deviation is known to us.

Compute the p-value.

C

In order to determine the average price of hotel rooms in Atlanta.Using a 0.1 level of significance, we would liketo testwhether or not the average room price is significantly differentfrom $110.The population standard deviation is known to be $16. Asample of 64 hotels was selected.Thetest statistic (z) is calculated and it is1.75.

We conclude that the average price of hotel rooms in Atlanta is NOT significantly different from$110.(Enter 1if the conclusion is correct. Enter 0 if the conclusion is wrong.)

D

In order to determine the average price of hotel rooms in Atlanta.Using a 0.1 level of significance, we would liketo testwhether or not the average room price is significantly differentfrom $110.The population standard deviation is known to be $16. Asample of 64 hotels was selected.The p-value associatedwith the test statistic (z) is calculated and it is0.06.

We conclude that the average price of hotel rooms in Atlanta is NOT significantly different from$110.(Enter 1if the conclusion is correct. Enter 0 if the conclusion is wrong.)