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A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on average during the first year, a yield of
A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on average during the first year, a yield of 12% on their initial investments. A random sample of 10 of these franchises produced the yields shown below for the first year of operation. 6.2 9.5 11.2 8.6 14.1 5.4 8.3 10.4 9.3 8.5 8 Assuming that population yields are normally distributed, test the company's claim at the 10% significance level. Click the icon to view the upper critical values of the Student's t distribution. Determine the value(s) for -t -1,oh -10 Or #t-1.0/2 as appropriate for this test. (Round to three decimal places as needed. Use a comma to separate answers as needed.)) Calculate the decision statistic. X - Ho s/ Vn =(Round to three decimal places as needed.) State the conclusion of this test. the null hypothesis. There sufficient evidence that the yield is not equal to 10%
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