document.write( "Question 242739: A local paper reports that the average number of representatives per night at a local hotel is 500. Using alpha = .01 is this claim realistic? Use the given hotels reservations listed below: 713 300 292 311 598 401 618 \n" ); document.write( "
Algebra.Com's Answer #177694 by stanbon(75887)\"\" \"About 
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A local paper reports that the average number of representatives per night at a local hotel is 500. Using alpha = .01 is this claim realistic? Use the given hotels reservations listed below: 713 300 292 311 598 401 618
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\n" ); document.write( "Ho: u = 500
\n" ); document.write( "H1: u is not 500
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\n" ); document.write( "sample mean = 240.5 ; sample std = 120.59
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\n" ); document.write( "CV for 2-tail test, alpha = 1%, df = 6: t = -3.707
\n" ); document.write( "TS: t(240.5) = (240.5-500)/[120.59/sqrt(7)] = -5.693
\n" ); document.write( "Since the ts is in the reject interval, reject Ho.
\n" ); document.write( "Looks like the average number is lower than 500.
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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