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Travelocity would like to test if the average roundtrip airfare between New York and London is equal to $1,400. A random sample of 30 flights
Travelocity would like to test if the average roundtrip airfare between New York and London is equal to $1,400. A random sample of 30 flights between New York and London was selected and an average airfare of $1,330 was recorded for the sample. The sample standard deviation is $230. Use alpha = 0.01. The null hypothesis is formulated as follows:
Select one:
a.H0: Mu is less than or equal to 1,400.
b.H0: Mu is strictly less than 1,400.
c.H0: Mu is not equal to 1,400.
d.H0: Mu is equal to 1,400.
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