Adult Drink
a Particular Study Claims That the Average U $\alpha$

question 138

Essay

Adult drink
A particular study claims that the average U.S.adult drinks 1.7 cups of coffee per day.To test this claim,a sample of 35 adults were asked about their coffee consumption.The sample average was 1.95 cups per day.Assume the population standard deviation is 0.5 cups per day and set $\alpha$ = 0.10.
-State the null and alternative hypothesis.

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Definitions:

Government Regulation

Rules and guidelines established by the government aimed at influencing or controlling certain activities within the society or economy.

Total Surplus

The total net gain to society from a market transaction, which is the combination of consumer surplus and producer surplus.

Consumer Surplus

The gap between the aggregate amount buyers are willing and able to spend for a good or service, versus what they actually spend.

Property Rights

The legally guaranteed rights to own, use, and dispose of assets, including physical and intellectual property.