A recent survey reported that small businesses spend 29 hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than 29 hours a week on marketing. The chamber conducts a survey of 98 small businesses within their state and finds that the average amount of time spent on marketing is 27.6 hours a week. Assuming that the population standard deviation is 8.1 hours, is there sufficient evidence to support the chamber of commerce's claim at the 0.01 level of significance? Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.

A recent survey reported that small businesses spend 29 hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than 29 hours a week on marketing. The chamber conducts a survey of 98 small businesses within their state and finds that the average amount of time spent on marketing is 27.6 hours a week. Assuming that the population standard deviation is 8.1 hours, is there sufficient evidence to support the chamber of commerce's claim at the 0.01 level of significance? Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 1GP

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