You may need to use the appropriate appendix table or

Last updated: 11/28/2023

You may need to use the appropriate appendix table or technology to answer this question In order to determine the average price of hotel rooms in Atlanta a sample of 64 hotels was selected It was determined that the average price of the rooms in the sample was 107 20 with a standard deviation of 16 a Formulate the hypotheses in dollars to determine whether or not the average room price is significantly different from 111 Enter for as needed Ho H b Compute the test statistic c Using the p value approach test the hypotheses Let a 0 1 Find the p value Round your answer to four decimal places p value State your conclusion O Reject Ho There is insufficient evidence to conclude that the average room price is significantly different from 111 O Do not reject Ho There is sufficient evidence to conclude that the average room price is significantly different from 111 O Reject Ho There is sufficient evidence to conclude that the average room price is significantly different from 111 O Do not reject Ho There is insufficient evidence to conclude that the average room price is significantly different from 111