Mathematics
Mathematics, 20.03.2020 17:25, lifeisbowling59

Consumers Energy states that the average electric bill across the state is $98.15. You want to test the claim that the average bill amount is actually less than $98.15. The hypotheses for this situation are as follows: Null Hypothesis: μ ≥ 98.15, Alternative Hypothesis: μ < 98.15. You complete a randomized survey throughout the state and perform a one-sample hypothesis test for the mean, which results in a p-value of 0.0218. What is the appropriate conclusion? Conclude at the 5% level of significance.

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Consumers Energy states that the average electric bill across the state is $98.15. You want to test...

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