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A Consumer Product Magazine Recently Ran a Story Concerning the Increasing

Question 45

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A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but now are beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of n = 200 cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than $215.00. Find the large-sample rejection region appropriate for this test if we are using α = 0.05. A) Reject H0\mathrm { H } _ { 0 } if z<1.645\mathrm { z } < - 1.645 or z>1.645\mathrm { z } > 1.645 .
B) Reject H0\mathrm { H } _ { 0 } if z<1.96\mathrm { z } < - 1.96 or z>1.96\mathrm { z } > 1.96 .
C) Reject H0\mathrm { H } _ { 0 } if z>1.645\mathrm { z } > 1.645 .
D) Reject H0\mathrm { H } _ { 0 } if z<1.96\mathrm { z } < - 1.96 .

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