According to the Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to det are less expensive in Providence, and it has collected prices for 65 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this san (a) Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean price in Providence for a bottle of red wine that scores 4.0 or higher on th population mean of $32.48. (Enter != for # as needed.) Ho: (b) Using the sample from the 65 bottles, what is the test statistic? (Round your answer to three decimal places.) Using the sample from the 65 bottles, what is the p-value? (Round your answer to four decimal places.) p-value = (c) At a = 0.05, what is your conclusion? O Reject Ha. We can conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Do not reject Ha. We can conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Do not reject Ho. We cannot conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Reject Ha. We cannot conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48.
According to the Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to det are less expensive in Providence, and it has collected prices for 65 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this san (a) Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean price in Providence for a bottle of red wine that scores 4.0 or higher on th population mean of $32.48. (Enter != for # as needed.) Ho: (b) Using the sample from the 65 bottles, what is the test statistic? (Round your answer to three decimal places.) Using the sample from the 65 bottles, what is the p-value? (Round your answer to four decimal places.) p-value = (c) At a = 0.05, what is your conclusion? O Reject Ha. We can conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Do not reject Ha. We can conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Do not reject Ho. We cannot conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. O Reject Ha. We cannot conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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