A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency's claim? 1. Find the p value = 2. Decision = Answer within the given choices (choices are same for both) Please answer in 30mins

A tourist agency in Manila claims the mean daily cost of meals and lodging for a family of 4 traveling in Korea is at most 655 dollars with a standard deviation of 40 dollars. You work for a consumer protection advocate and want to test this claim. In a random of 56 families of 4 traveling in Korea, the mean daily cost of meals and lodging is 667 dollars. At alpha=1%, do you have enough evidence to reject the tourist agency's claim? 1. Find the p value = 2. Decision = Answer within the given choices (choices are same for both) Please answer in 30mins

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 1E: A binomial experiment is UDC in which there are exactly __________ outcome. One outcome is called...

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