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5. A) The finance manager of a corporation claims that, on average, accounts payable are 175. An auditor checked a random sample of 16 of
5. A) The finance manager of a corporation claims that, on average, accounts payable are 175. An auditor checked a random sample of 16 of these accounts. The sample mean was 196.58 and the sample standard deviation was 36.42. Assume that the population distribution is normal. Test at the 0.05 significance level against a two-sided alternative the null hypothesis that the population mean is 175
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