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Use the Data Given Below to Answer the Following Question(s)

Question 36

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Use the data given below to answer the following question(s).
The following extract from a manufacturer's database shows a sample of 10 suppliers, their transportation charges, and the estimated and actual total costs of supplying materials. (Note: Assume a significance level of 0.05 wherever necessary.)  Supp lier  Transportation  Charges  Estimated Total  Cost  Actual Total  Cost  Peter 3404,5004,680 John 5604,5004,790 Martin 4804,5005,110 Philip 2904,5004,780 Mark 3704,5004,810 Thomas 5204,5004,770 Jaison 3504,5005,250 David 4304,5004,930 Carter 5104,5005,010 Leonard 2704,5004,810\begin{array} { | l | c | c | c | } \hline \text { Supp lier } & \begin{array} { c } \text { Transportation } \\\text { Charges }\end{array} & \begin{array} { c } \text { Estimated Total } \\\text { Cost }\end{array} & \begin{array} { c } \text { Actual Total } \\\text { Cost }\end{array} \\\hline \text { Peter } & 340 & 4,500 & 4,680 \\\hline \text { John } & 560 & 4,500 & 4,790 \\\hline \text { Martin } & 480 & 4,500 & 5,110 \\\hline \text { Philip } & 290 & 4,500 & 4,780 \\\hline \text { Mark } & 370 & 4,500 & 4,810 \\\hline \text { Thomas } & 520 & 4,500 & 4,770 \\\hline \text { Jaison } & 350 & 4,500 & 5,250 \\\hline \text { David } & 430 & 4,500 & 4,930 \\\hline \text { Carter } & 510 & 4,500 & 5,010 \\\hline \text { Leonard } & 270 & 4,500 & 4,810 \\\hline\end{array}
-Conduct the appropriate type of one-sample test-statistic to determine whether the average transportation charge is less than $430. Apply a decision rule using the observed level of significance and draw a conclusion.

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If the True mean is 430, then the p-valu...

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