"> (Answered) Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. - Tutorials Prime

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(Answered) Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300.


Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300.


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 α = 0.05. The p-value for this hypothesis test would be between ________. 0.05 and 0.10 0.02 and 0.05 0.10 and 0.25 0.01 and 0.025

 


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DATE ANSWERED

Jan 02, 2020

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