Question
An entrepreneur is considering the purchase of a coin-operated laundry. The present owner claims that over the past 5 years, the average daily revenue was
An entrepreneur is considering the purchase of a coin-operated laundry. The present owner claims that over the past 5 years, the average daily revenue was $675. A sample of 30 days reveals a daily average revenue of $625 with a sample standard deviation of $100. If you were to test to see if the daily average revenue is $675, what is the value of the test statistic?
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An Introduction To Categorical Data Analysis
Authors: Alan Agresti
2nd Edition
0470653205, 9780470653203
