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An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past five years, the average daily revenue was
An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past five years, the average daily revenue was $775 with a standard deviation of $75. A sample of 65 days reveals a daily average revenue of $795. Suppose you wanted to test the hypothesis that the daily average revenue changed from $775, using a p-value approach. The p-value for the hypothesis test is equal toAnswer (please provide your answer to 3 decimal places).
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