Solved: Mall security estimates that the average daily per-store, Business Economics

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Mall security estimates that the average daily per-store

PROBLEM 1

Mall security estimates that the average daily per-store theft is less than $250, but wants to determine the accuracy of this statistic. The company researcher takes a sample of 81 clerks and finds that =$220 and s = $40.

a) Test at α = .01

b) Construct a 90% CIE of μ

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Business Economics: Mall security estimates that the average daily per-store

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Business Economics: Mall security estimates that the average daily per-store

Reference No:- TGS02727923

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