On its municipal website, the city of Tulsa states that the rate it charges per 5 CCF
Question:
On its municipal website, the city of Tulsa states that the rate it charges per 5 CCF of residential water is $21.62. How do the residential water rates of other U.S. public utilities compare to Tulsa's rate? The file ResidentialWater contains the rate per 5 CCF of residential water for 42 randomly selected U.S. cities.
a. Formulate hypotheses that can be used to determine whether the population mean rate per 5 CCF of residential water charged by U.S. public utilities differs from the $21.62 rate charged by Tulsa.
b. What is the p-value for your hypothesis test in part (a)?
c. At α = .05, can your null hypothesis be rejected? What is your conclusion?
d. Repeat the preceding hypothesis test using the critical value approach.
Step by Step Answer:
Statistics For Business & Economics
ISBN: 9781337901062
14th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran