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Chapter 11.3, Problem 5P

(a)

To determine

Find the level of significance.

State the null and alternative hypothesis.

(b)

To determine

Find the value of the sample test statistic.

(c)

To determine

Find the P-value of the sample test statistic.

(d)

To determine

Mention the conclusion of the test.

(e)

To determine

Interpret the conclusion in the context of the application.

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A retail store manager claims that the average daily sales of the store are $1,500. You aim to test whether the actual average daily sales differ significantly from this claimed value. You can provide your answer by inserting a text box and the answer must include: Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value. Showing the calculation is a must. If calculation is missing,so please provide a step by step on the answers Numerical answers in the yellow cells
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Chapter 11 Solutions

Bundle: Understandable Statistics: Concepts And Methods, 12th + Jmp Printed Access Card For Peck's Statistics + Webassign Printed Access Card For ... And Methods, 12th Edition, Single-term

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