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A sample of 23 discount brokers showed a sample mean price charged for a trade of 100 shares at $50 per share was $57.10. Assume a population standard deviation of $5.20. Test the hypothesis that the mean price charged for a trade of 100 shares at $50 per share is at most $55.00 at ?=0.1000. (See exercise 44 on page 376 of your textbook for a similar problem.) r the hypothesis stated above... Question 1 What is the test statistic? Question 2 What is the decision? Question 3 What is the p-value? Fill in only one of the following statements. If the Z table is appropriate, p-value = If the t table is appropriate, < p-value <

          A sample of 23 discount brokers showed a sample mean price charged for a trade of 100 shares at $50 per share was $57.10. Assume a population standard deviation of $5.20. Test the hypothesis that the mean price charged for a trade of 100 shares at $50 per share is at most $55.00 at ?=0.1000. (See exercise 44 on page 376 of your textbook for a similar problem.)

r the hypothesis stated above...

Question 1 What is the test statistic?
Question 2 What is the decision?
Question 3 What is the p-value? Fill in only one of the following statements.
If the Z table is appropriate, p-value =
If the t table is appropriate, < p-value <

A sample of 23 discount brokers showed a sample mean price charged for a trade of 100 shares at 50 per share was57.10. Assume a population standard deviation of 5.20. Test the hypothesis that the mean price charged for a trade of 100 shares at50 per share is at most 55.00 at ?=0.1000. (See exercise 44 on page 376 of your textbook for a similar problem.)

r the hypothesis stated above...

Question 1 What is the test statistic?
Question 2 What is the decision?
Question 3 What is the p-value? Fill in only one of the following statements.
If the Z table is appropriate, p-value =
If the t table is appropriate, < p-value <

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