Medicare Would Like to Test the Hypothesis That the Average

question 68

Multiple Choice

Medicare would like to test the hypothesis that the average monthly rate for one-bedroom assisted-living facility is equal to $3,300. A random sample of 12 assisted-living facilities had an average rate of $3,690 per month. The standard deviation for this sample was $530. Medicare would like to set α = 0.05. The critical value for this hypothesis test would be _______.

• A)1.645
• B)2.201
• C)2.761
• D)1.985

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Definitions:

Humans

The species Homo sapiens, distinguished by the ability to think, utilize language, and create complex societies.

Social Acceptance

The act of being recognized and accepted by others within a social context or group, often conforming to their norms and expectations.

Specific Culture

Cultures defined by distinct characteristics, values, norms, and practices unique to a particular group or society.

Duplex Mind

A concept denoting the existence of two systems within the human mind: one that is fast and automatic, and another that is slow and deliberative.