A marketing researcher wants to estimate the mean amount spent per year ($) on a website by
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Question:
A marketing researcher wants to estimate the mean amount spent per year ($) on a website by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the website yielded a mean amount spent of $60 and with a standard deviation of $56. Use technology to solve and include files and/or screenshots.
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Is there evidence that the population mean amount spent per year on the website by membership member shoppers is different from $52?
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