Mathematics, 11.12.2019 17:31 notchasedeibel6575
Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. a random sample of 12 assisted-living facilities had an average rate of $3,690 per month. the standard deviation for this sample was $530. medicare would like to set value of the test statistic is a -0.05. the conclusion for this hypothesis test would be that because the absolute
a) less than the absolute value of the critical value, we can conclude that the average monthly rate for an assisted-living facility is not equal to $3,300
b) more than the absolute value of the critical value, we cannot conclude that the average monthly rate for an assisted-living facility is not equal to $3,300.
c) more than the absolute value of the critical value, we can conclude that the average monthly rate for an assisted-living facility is not equal to $3,300.
d) less than the absolute value of the critical value, we cannot conclude that the average monthly rate for an assisted-living facility is not equal to $3,300.
Answers: 1
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Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-li...
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