what is answers to question 4 and 5?
Question 4 We have a known population standard deviation of price prices of $350. Look at the values for the standard deviation sigma and standard error above. Explain in terms of this data why one is much larger than the other one in terms of one prize price vs one sample of prize prices. Also, would mean prices of the population and sample distributions differ? Question 5 Use the sample data to test whether the mean price (among all prizes used on the contestant selection phase of the show) exceeds $1000. We have a known population standard deviation of price prices of $350. Report both the null and alternative hypotheses (in symbols) you would be testing and explain why you chose that direction for the alternative hypothesis. Explain what conclusions would be if the sample data rejects the null hypothesis (in terms of this data/case study).