A sample of 17 discount brokers showed a sample mean price charged for a trade of 100 shares at $50 per share was $57. Assume a population standard...

A sample of 17 discount brokers showed a sample mean price charged for a trade of 100 shares at $50 per share was $57.10. Assume a population standard deviation of $5.20. Test the hypothesis that the mean price charged for a trade of 100 shares at $50 per share is at most $55.00 at = 0.1000.

(CARRY ALL DECIMALS UNTIL REACHING FINAL ANSWER. THEN ROUND TO FOUR DECIMALS)

Q1: What is the test statistic?

Q2: What is the decision? Reject H0 or fail to reject H0?

Q3: What is the p-value? Fill out only one of the following statements.

If the z table is appropriate p-value=(blank)

or

If the t table is appropriate (blank) < p-value < (blank)