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PROBLEM 4 (25 points) The Medical Rehabilitation Foundation reports that the average cost of rehabilitation for stroke victims is at least $24,500.

PROBLEM 4 (25 points)

The Medical Rehabilitation Foundation reports that the average cost of rehabilitation for stroke victims is at least $24,500. To see if the average cost might be different at a particular hospital, a researcher selects a random number sample of 50 stroke victims and finds that the average cost is $25,225. The standard deviation of the population is $1,300. 

a) At α = .01, can it be concluded that the average cost of stroke rehabilitation at a particular hospital is at least $24,500?  

b) Construct a 90% confidence interval

Top Answer

In this question, we will employ the given parameters to compute the required confidence intervals and carry out hypothesis... View the full answer

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I Test oi vaoth esis lor the Mean 'fi Mull Hypothesis
Level of Significance
Population Standard Deviation
Sample Size Sample Mean —_ lnte rm ed iate Calculation 5
Standard Error of the Mean
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a) Reject the Ho. Conclusion: There is sufficient evidence to... View the full answer

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