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Rio SaladoFinal examMax Score: 0Actual Score: 0Question 2Enter the password you were given as feedback on the Final Policies and Procedures Assignment.AnswerAHFGBS221V7CommentsCorrect!Use the button below to be forwarded to your exam.Max Score: 0Actual Score: 0Question 3Travelocity would like to test if the average roundtrip airfare between New York and London is less than $1,400. The correcthypothesis statement for this test would beAnswerH0: μ ≥ $1,400; H1: μ < $1,400.CommentsCorrect!!Max Score: 4Actual Score: 4Question 4The p-value for a hypothesis test is defined as the probability of observing aAnswersample mean at least as extreme as the one selected for the hypothesis test, assuming the null hypothesis is true.
CommentsCorrect!!Max Score: 4Actual Score: 4Question 5A professor would like to test the hypothesis that the average number of minutes that a student needs to complete a statisticsexam equals 45 minutes. A Type I error would occur if the professor concludes that the average exam time is