Business, 02.03.2020 18:47 random7527

The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $7.36 and has a known standard deviation of $2.11. A sample of 23 students in an online course that includes students across the country stated that their average price is $5.75. The students have also stated that they are generally unwilling to pay more than $6.50 for this meal. Formulate and conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.50.

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The price of a certain combo meal at different franchises of a national fast food company varies fro...