Question
ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and service will obtain, on average during the first
ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and service will obtain, on average during the first year, a yield exceeding 7.7% on their initial investments. A random sample of 36 of these businesses produced the information on yields, averaging 8.4% with a standard deviation of 1.486% for the first year of operation. The analyst intended to use the data to test if there is sufficient evidence to support the advertiser's claim. What will be the p-value of the test against appropriate alternative? Assume that the distribution of yield is normal.
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