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A data shows that people spent an average of $373 over the Christmas day in 2008....

A data shows that people spent an average of $373 over the Christmas day in 2008. The following data show

the dollar amount spent by a random sample of 16 people during the Christmas day in 2014:

{427, 274, 370, 238, 222, 215, 360, 434, 387, 395, 323, 63, 415, 429, 377, 279}

  1. Test the hypothesis that that people spent less than an average of $373 over the Christmas day in 2014 using α = 0.05.
  2. Estimate the p-value for this    test.
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