Question

The Better Business Bureau of San Diego states that the standard hotel room average price for a Saturday night stay is $165, but you think it is higher. You go out and take a random sample of 33 hotels and get an average price of $181 with a sample standard deviation of $25. The test statistic is ______________. Round your answer to three decimal places.

Answer 1

3.677

Explanation:

We have the following information to answer this question

X = 181 = average price

U = 165 = price

S = 25 = standard deviation

N = 33 = random sample

We use the formula below to calculate the t statistics

T = x-u/s/√n

When we input these values

181-165/25/√33

T = 3.677

Therefore for this question, the test statistic t is equal to 3.677 to 3 decimal places