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Last year, a random sample of 15 transaction showed a mean transaction value $45 with a standard deviation $5. This year, a random sample of
Last year, a random sample of 15 transaction showed a mean transaction value $45 with a standard deviation $5. This year, a random sample of 20 transactions showed a mean transaction value $55 with a standard deviation $10.
a) This is a matched-sample problem. The statistic to be used is Z
b) This is a two-sample problem. The statistic to be used is T
c) This is a matched-sample problem. The statistic to be used is T
d) This is a two-sample problem. The statistic to be used is Z
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