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Faced with rising fax costs, a firm issued a guideline that transmissions of seven pages or more should be sent by 2-day mail instead. Exceptions
Faced with rising fax costs, a firm issued a guideline that transmissions of seven pages or more should be sent by 2-day mail instead. Exceptions are allowed, but they want the average to be seven or below. The firm examined 33 randomly chosen fax transmissions during the next year, yielding a sample mean of 8.16 with a standard deviation of 3.64 (pg). Find the test statistic. At the .01 level of significance, is the true mean greater than 7? multiple choice
- No
- Yes
Use Excel to find the right-tail p-value.
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