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For this hypothesis test, the correct conclusion is: A. Reject H_0, at the 05 le

ID: 3207557 • Letter: F

Question

For this hypothesis test, the correct conclusion is: A. Reject H_0, at the 05 level of significance, there is sufficient evidence to suggest the mean price of at least one of the quality ratings differs Fail to reject H_0. at the 05 level of significance, there is not sufficient evidence to suggest the mean price of at least one of the quality ratings differs Accept H_0, at the 05 level of significance, there is sufficient evidence to prove the mean price of all of the quality ratings are the same. None of the above.

Explanation / Answer

Answer) For this hypothesis test p value = 0.2268(approximately) , Fcalculated value = 1.498(approximately)

   and F table value = 3.0536(approximately)

Since, Fcalculated value is less than the F table value, the null hypothesis is accepted.

Since, the p value is less than the significance level 0.2268 < 0.05 the test is statistically significant

Therefore, for this hypothesis the correct conclusion will be

C) Accept H0, at the 0.05 level of significance there is sufficient evidence to prove that the mean price of all the quality ratings are the same

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