Refer to the Wall Street JournaliNational Funeral Directors Association study of the average-fee charged for a full-service

Question:

Refer to the Wall Street JournaliNational Funeral Directors Association study of the average-fee charged for a full-service funeral during 1999, Exercise 6.20

(p. 311). Recall that a test was conducted to determine if the true mean fee charged exceeds $5,020. The data

(recorded in thousands of dollars) for the sample of 36 funeral homes were analyzed using STATISTIX.

The resulting printout of the test of hypothesis is shown here.

a. Locate the p-value for this upper-tailed test of hypothesis.

b. Use the p-value to make a decision regarding the null hypothesis tested. Does the decision agree with your decision in Exercise 6.20?

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780130272935

8th Edition

Authors: James T. McClave, Terry Sincich, P. George Benson

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