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1) a random sample of 64 customers is taken and their yearly value to the company is calculated. the calculated average value from the sample
1) a random sample of 64 customers is taken and their yearly value to the company is calculated. the calculated average value from the sample is $11 and the standard deviation calculated from the sample is $5 s=5. Find a 95% confidence interval for the population mean average value. show all work
2) Could you have used the results of the previous problem to test the following hypothesis at alpha = 0.10?
Ho: mu=$11 vs
Ha: mu greater than $11
if so, explain why and provide the answer. if not explain why
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