Using alpha .05 test to see whether the mean round-trip, Ask an Expert

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In a particular February, the mean cost for an airline round-trip with a discount fare was $258. A random sample of 15 round-trip discount fares during the month of March provided the following data:

310 260 265 255 300 310 230 250 265 280 290 240 285 250 260

a. Using α = .05, test to see whether the mean round-trip discount fare has increase in March. What is your conclusion?

b. What is the p-value?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9394033

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