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The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.38 and has a
The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.38 and has a known standard deviation of $2.09. A sample of 29 students in an online course that includes students across the country stated that their average price is $6.00. The students have also stated that they are generally unwilling to pay more than $6.75 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.75. Use a level of significance of 0.05 Is there sufficient evidence at the st
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