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 . A random sample of 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 . Find a rejection region appropriate for this test if we are using .
A) Reject if or
B) Reject if
C) Reject if
D) Reject if
Correct Answer:
Verified
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