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Statistics

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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