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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 $17.36 and has a
The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.36 and has a known standard deviation of $2.01 A sample of 28 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 0.01 Is there sufficient evidence at the 0.01 level of significance that the population mean is less than $6.75? Determine the null hypothesis, H. and the alternative hypothesis, H Ho H (Tyne integers or decimals. Do not round)
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