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In year 2007 the mean fare to fly from Chariotte, North Carolina, to Seattle, Washington, on the discount ticket was $267. A random sample of round-trip discount fares on this route last month gives:

$321 $286 $290 $330 $310 $250 $270 $280 $299 $265 $291 $275 $281

At the 0.01 significance level can we conclude that the mean fare has raised? Find out the p-value?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921094

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