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A researcher estimates that the average revenue of the largest businesses in country x is greater than RM 2 4 billion. A random sample of
A researcher estimates that the average revenue of the largest businesses in country is
greater than RM billion. A random sample of companies is selected, and the mean
revenues is RM billion and the population standard deviation is RM billion. Test the
researcher's claim using that the average revenue of the largest businesses in
country is greater than RM billion. Answer the following questions.
a Identify the claim and state the and
b Find the critical value.
c Calculate the test statistic.
d Make a decision to reject or fail to reject the
e Interpret the decision in the context of the original claim.
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