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Test the claim that the mean price for a dozen roses at a Raja's florist is higher than $45 at the 0.01 level of significance.
Test the claim that the mean price for a dozen roses at a Raja's florist is higher than $45 at the 0.01
level of significance. A random sample of 30 Raja's florists had a mean price of $48.33 per dozen
with a standard deviation of $6.07. Perform the test by writing down the steps.
(Note that the claim is the alternate hypothesis, so our conclusion will be either to support the claim
or fail to support the claim. Also note that the alternate hypothesis involves the symbol >. This tells
us that our test is a right-tailed test.)
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