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The owners of a restaurant chain have applied for a loan at your bank and claim that, on average, they gross at least $1,000 a

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The owners of a restaurant chain have applied for a loan at your bank and claim that, on average, they gross at least $1,000 a day. Suppose you take a sample of 30 days of audited receipts, resulting in an average of $1,025 per day and a sample standard deviation of $100. At 10% level of significance, should you approve the loan

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