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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
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 is0.03.
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.)
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