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households in Arizona retirement communities showed the mean number of residents per household was 2.87 residents. The standard deviation of this sample was 1.38 residents. At the .05 significance level, is it reasonable to conclude the mean number of residents in the retirement community household is less than 3.03 persons?

(a) State the null hypothesis and the alternate hypothesis. (Round your answer to 2 decimal places.)

H0: μ ≥
H1: μ <

(b) State the decision rule for .05 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)

(c) Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M993778

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