Question
Multiple choice question Travelocity would like to test if the average roundtrip airfare between New York and London is equal to $1,400. A random sample
Multiple choice question
Travelocity would like to test if the average roundtrip airfare between New York and London is equal to $1,400. A random sample of 30 flights between New York and London was selected and an average airfare of $1,330 was recorded for the sample. The sample standard deviation is $230. Use alpha = 0.01.
The test statistic is
Select one:
a.-1.67.
b.1400.
c.230.
d.1.67
The sample standard deviation is $230. Use alpha = 0.01. The p-value is ______ and the null hypothesis should _________:
Select one:
a.Between 0.05 and 0.1; be rejected.
b.0.095; not be rejected.
c.0.0475; be rejected.
d.Between 0.1 and 0.2; not be rejected.
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