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You are conducting a study to test a claim that the mean income of regular casino visitors is significantly less than $80,000. A randomsample of
You are conducting a study to test a claim that the mean income of regular casino visitors is significantly less than $80,000. A randomsample of 46 regular casino visitors had a mean income of $74,575. Do the sample data provide convincing evidence to support the claim? Assume ? is known to be $23,000. Conduct a hypothesis test using a 5% level of significance.Give numeric answers to at least 2 decimal places. What are the correct hypotheses? (Select the correct symbols and values.)
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