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6-10) To determine the monthly retail sales, a sample of 136 stores was taken. The mean annual sales was found to be $296,438 and
6-10) To determine the monthly retail sales, a sample of 136 stores was taken. The mean annual sales was found to be $296,438 and the sample standard deviation was found to be $37,971. 6. Find the t value corresponding to 0.025 in the upper tail 7. Construct the 95% confidence interval for the mean annual sales. 8. Set up the hypothesis to test the claim that the annual monthly retail sales are less than $300,000. Ho: Ha: 9. Find the standardized test statistic for testing this hypothesis. 10. Find the p-value related to this test.
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
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