For a recent year, the mean fare to fly from Charlotte, North Carolina to Chicago Illinois,...

286 290 285 291 287 275 262 289 274 276 297 262

At the 0.01 significance level, can we conclude that the mean fare has decreased? What is the p value?

1. State the Null and Alternate hypothesis:

2. State the test statistic:

3. State the Decision Rule:

4. Show the calculation:

5. What is the interpretation of the sample data?

6. Show the P value

PLEASE SHOW ALL STEPS AND WORK

Solutions

Expert Solution

orchestra answered 1 year ago

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