Question
Mrs. Greenback a financial analyst hired an advertising agency to advertise her mutual funds to the public. Before she hired the advertising agency, she received
Mrs. Greenback a financial analyst hired an advertising agency to advertise her mutual funds to the public. Before she hired the advertising agency, she received on average (mean) 200 calls from new investors per week (50 weeks), with a standard deviation of 16 calls per week. Mrs. Greenback would like to investigate whether there has been an overall change in the number of calls received weekly after she hired the advertising agency. After she hired the advertising agency, she started to receive 206 calls per week (50 weeks). To put it another way, did the mean number of inquiries per week differ significantly from 200 calls per week after she hired the advertising agency? Use the 0.01 significance level.
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