Question

The organization is very concerned about the impact of medical costs on employees. They are considering...

The organization is very concerned about the impact of medical costs on employees. They are considering a plan that gives employees a $2,500 visa card to help cover their out of pocket costs. At the .05 level of significance is there evidence that the average employees’ costs are above the national average of $3,000?

mean- 1553.7

stdev- 1733.1

N- 11

HO:

H1:

Decision Rule:

P value:

Decision:

Interpretation:

Math   Statistics-And-Probability   
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