Short Answer
General Manager
The general manager of a large discount chain was considering location of a new store in a small mid-western city.The decision was dependent upon the per capita retail sales for the city being significantly greater than $4500.A sample of 500 residents was taken,and showed a mean of $4780.A population standard deviation of $2500 was known.
-State the decision rule for = 0.01.
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Reject H0 if z > 2.33...View Answer
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