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Has the mean price of corn changed over the past year? The mean price of corn...

Has the mean price of corn changed over the past year? The mean price of corn sold in April 2017 was $2.00 per bushel. A sample of 22 transactions for the sale of corn in April 2018 has a mean $2.08 and standard deviation $0.20. The price for such transactions is known to be normally-distributed. Test using 5% significance.

Describe the rejection region. (Use 5% significance.) (a) Reject H0 if t < −2.080 or t > 2.080 (b) Reject H0 if t < −1.721 or t > 1.721 (c) Reject H0 if t < −2.080 (d) Reject H0 if t > 1.721 (e) None of the answers is correct

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