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 p-value for this hypothesis test would be between __ __.
A)0.01 and 0.02
B)0.02 and 0.05
C)0.10 and 0.20
D)0.05 and 0.10

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The Answer of 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 p-value for this hypothesis test would be between __ __.
A)0.01 and 0.02
B)0.02 and 0.05
C)0.10 and 0.20
D)0.05 and 0.10

Medicare Would Like to Test the Hypothesis That the Average