Multiple Choice
Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. A random sample of 12 assisted-living facilities had an average rate of $3,690 per month. The standard deviation for this sample was $530. Medicare would like to set ? = 0.05. The test statistic for this hypothesis test would be .
A) = - 1.37
B) = 2.55
C) = 1.98
D) = - 2.16
Correct Answer:

Verified
Correct Answer:
Verified
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