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In order to determine the average price of hotel rooms in Atlanta, a sample of 53 hotels were selected. It was determined that the average
In order to determine the average price of hotel rooms in Atlanta, a sample of 53 hotels were selected. It was determined that the average price of the rooms in the sample was $108.2. The population standard deviation is known to be $11. We would like totestwhether or not the average room price issignificantlydifferentfrom$110.
Compute the test statistic.
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