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$4.45 $5.75 Paragraph $4.05 $6.01 v a) Find the 99% confidence limits for the population mean amount spent. Interpret yo
Posted: Wed Jul 06, 2022 12:40 pm
by answerhappygod
- 4 45 5 75 Paragraph 4 05 6 01 V A Find The 99 Confidence Limits For The Population Mean Amount Spent Interpret Yo 1 (46.96 KiB) Viewed 9 times
$4.45 $5.75 Paragraph $4.05 $6.01 v a) Find the 99% confidence limits for the population mean amount spent. Interpret your result. (2 marks) b) The manager concerns that the mean amount spent is lower than $3.40 per customer. Conduct a test of hypothesis to test manager's concern at 5% level of ignificance. Make sure to write down 5 steps of the test including HO vs. H1, p alue, conclusion and interpretation to get full marks. (2 marks for each step. Total f 10 marks) $4.95 $3.99 BI U A $3.25 $4.68 $5.25 $2.95 8 + v ***