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An insurance company wants to study the amount of reimbursements that they have provided for their customers. The company manager believes that the average amount
An insurance company wants to study the amount of reimbursements that they have provided for their customers. The company manager believes that the average amount of reimbursement for each of their customers is at least $2500. An inspector selects a sample of 32 customers and finds the average value of $2350 reimbursement with a variance of 490. Perform a hypothesis test using a 1% level of significance. Use the p-value method.
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