Medicare would like to test if the average monthly rate for one-bedroom assisted-living facility is different from $3,300. Suppose that you collect sample information and, based on the hypothesis test, determine that the z test statistic is equal to 1.98 while the critical value of z is 2.05. How would you state the conclusion?

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!