Mathematics

Marlee

26 July, 15:42

In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample is $105. The population standard deviation is known to be $16. Calculate the value of the test statistic that you would use to test the hypothesis that the average room price is significantly different from $108.50. (Round your answer to two decimals.)

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