Homework Answers
Ho : 
vs H1: 
| z-test statistic | -2.64749 |
Now, p-value at z = -2.64749
The P-Value is .004025.
The result is significant at p < .01.
Also, at alpha = 0.01, z_critical = 2.33 (one-tailed)
We reject Ho or can say that average price of a ticket is less than $ 225 on a secondary market.
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