The Skelton Manufacturing Company recently did a study of its customers. A random sample of 50 customer
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The Skelton Manufacturing Company recently did a study of its customers. A random sample of 50 customer accounts was pulled from the computer records. Two variables were observed:
y = Total doll volume of business this year
x = Miles customer is from corporate headquarters
The following statistics were computed:
b. Using a significance level of 0.01, test to determine whether it is true that the farther a customer is from the corporate headquarters, the smaller the total dollar volume of business.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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