The public relations officer for a particular city claims the average monthly cost for childcare outside the home for a single child is $600. A potential resident is interested in whether the claim is correct. She obtains a random sample of 14 records and computes the average monthly cost of this type of childcare to be $589 with a standard deviation of $40. Perform the appropriate test of hypothesis for the potential resident using . Approximate the p-value for the test in (a).
a. Test Statistic = ______________
b. Compute the approximate p-value associated with the test statistic in (a).
c. What is the p-value? ______________
Conclusion: ______________
The sample data ______________ support the null hypothesis at the
level?
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