Homework Help is Here – Start Your Trial Now!
Math
Statistics
According to the Vivino website, 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 determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 56 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. 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 the Vivino Rating System is less than the population mean of $32.48. Ho: - Select your answer - Ha: -Select your answer - b. Using the sample from the 56 bottles, what is the p-value? The p-value is - Select your answer - c. At a = 0.05, what is your conclusion? - Select your answer the null hypothesis. We - Select your answer 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. d. Repeat the preceding hypothesis test using the critical value approach. t is - Select your answer the critical value of (to 3 decimals),- Select your answer - the null hypothesis.

According to the Vivino website, 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 determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 56 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. 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 the Vivino Rating System is less than the population mean of $32.48. Ho: - Select your answer - Ha: -Select your answer - b. Using the sample from the 56 bottles, what is the p-value? The p-value is - Select your answer - c. At a = 0.05, what is your conclusion? - Select your answer the null hypothesis. We - Select your answer 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. d. Repeat the preceding hypothesis test using the critical value approach. t is - Select your answer the critical value of (to 3 decimals),- Select your answer - the null hypothesis.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
See similar textbooks
icon
Related questions
Question

I only need help with parts A, B, and D.

lomework Check My Work (2 remaining) According to the Vivino website, 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 determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 56 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. 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 the Vivino Rating System is less than the population mean of $32.48. Ho: - Select your answer - Ha: - Select your answer - b. Using the sample from the 56 bottles, what is the p-value? The p-value is - Select your answer - c. At a = 0.05, what is your conclusion? - Select your answer - the null hypothesis. We - Select your answer - 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. d. Repeat the preceding hypothesis test using the critical value approach. t is - Select your answer - the critical value of (to 3 decimals), Select your answer the null hypothesis.
Transcribed Image Text:lomework Check My Work (2 remaining) According to the Vivino website, 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 determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 56 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. 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 the Vivino Rating System is less than the population mean of $32.48. Ho: - Select your answer - Ha: - Select your answer - b. Using the sample from the 56 bottles, what is the p-value? The p-value is - Select your answer - c. At a = 0.05, what is your conclusion? - Select your answer - the null hypothesis. We - Select your answer - 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. d. Repeat the preceding hypothesis test using the critical value approach. t is - Select your answer - the critical value of (to 3 decimals), Select your answer the null hypothesis.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
SEE MORE TEXTBOOKS