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According to a recent article in USA Today , Americans spendper 484 year on alcoholic beverages. As a market research firm for a local wine
According to a recent article inUSA Today, Americans spendper 484 year on alcoholic beverages. As a market research firm for a local wine distributor, you have accessed data on a random sample of Boston residents to see if their spending is higher than average, and perhaps a good area for your client to make a local investment. The average spending in the sample is 404, with a standard deviation of102. Does this represent a significant difference?
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