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In order to determine the average price of hotel rooms in Atlanta, a sample of 63 hotels were selected. It was determined that the test
In order to determine the average price of hotel rooms in Atlanta, a sample of 63 hotels were selected. It was determined that the test statistic (z) was $-1.53. We would like totestwhether or not the average room price issignificantlydifferentfrom$110.Population standard deviation is known to us.
Compute the p-value.
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