Liberty travel advertises stating they have very competitive rates. They claim that the mean
Liberty travel advertises stating they have very competitive rates. They claim that the mean cost for lodging daily for two adults when on a vacation in Chicago Illinois is at least $240.00. A random sample of 24 groups of adults has a mean daily lodging cost of $233 and a standard deviation of $12.50. Is there enough evidence to reject the claim at α= 0.10? Assume the population is normally distributed.
a. Write the claim (Ho and Ha)
b. Find the P-value
c. Decide whether to reject or fail to reject the claim.
d. Interpret.
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