Consider the information presented in the introductory case of this chapter. Recall that Anne wants to determine
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Consider the information presented in the introductory case of this chapter. Recall that Anne wants to determine if the marketing campaign has had a lingering effect on the amount of money customers spend on iced coffee. Before the campaign, customers spent an average of $4.18 on iced coffee with a standard deviation of
$0.84. Anne reports that the average amount, based on 50 customers sampled after the campaign, is $4.26. She wants to calculate the probability that customers spend an average of $4.26 or more on iced coffee. L056
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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