M N P Q R Population Parameter being tested: Mean cost per sqft in the Pacific region Let u represent the mean cost per sqft in the Pacific region Mean cost per sqft based on the new advertisement: $280 Claim: Mean cost per sqft in the Pacific region is less than $280 Sample: $263 Target: 280 Standard Error: $5.80 sample_stdev/sqrt(n) Test statistic: -2.898306204 (sample_mean-target)/ std error Degrees of freedom: 749 Two Tailed Test HO: u=280 H1: u# 280 : value 0.003861507 Since p-value 280 P-value 0.998069284 Since p-value