AI Tutor
Back to 9.4 Full Hypothesis Test Examples

9.4 Exercise 30

Avg difficulty 2.5

The cost of a daily newspaper varies from city to city. However, the variation among prices remains steady with a standard deviation of 20¢. A study was done to test the claim that the mean cost of a daily newspaper is $1.00. Twelve costs yield a mean cost of 95¢ with a standard deviation of 18¢. Do the data support the claim at the 1% level?

OpenStax Introductory Business Statistics 2e, 9.4 Full Hypothesis Test Examples, exercise 30

AI Tutor

Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.