Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04. A sample of 100 neighborhood restaurants showed a mean price of...

Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04. A sample of 100 neighborhood restaurants showed a mean price of $12.70 and a standard deviation of $2 for a comparable restaurant meal.

(a)

Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home.

H₀ :
H_a :

(b)

Using the sample from the 100 restaurants, what is thep
value?
round your answer to four decimal places.

(c)

Atα = 0.05, what is your conclusion?

We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed at home.

Jun 09, 2022

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Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04. A sample of 100 neighborhood restaurants showed a mean price of...

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