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Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility differs from $3,300. A random sample of 12 assisted-living
Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility differs from $3,300. A random sample of 12 assisted-living facilities had an average rate of $3,690 per month. The standard deviation for this sample was $530. Medicare would like to set= 0.05. The critical value for this hypothesis test would be ________.
A. 1.363 B. 1.796 C. 1.645 D. 2.201
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