At a level of significance of 0.01, can the null hypothesis be rejected? Show the complete 8-step procedure and use both the critical value approach and p-value approach.
The cost of a one-carat VS2 clarity, H color diamond from Diamond Source USA is $5600. A midwestern jeweler makes calls to contacts in the diamond district of New York City to see whether the
Show the complete 8-step procedure and use both the critical value approach and p-value
approach.
Prices
4620
6210
5150
5250
4840
6320
5450
5620
6140
5850
5640
6575
5940
5850
5825
5820
6850
6010
5960
5980
6330
5990
5995
6360
5300
Step by step
Solved in 2 steps with 1 images