Essay
A group of young businesswomen wish to open a high fashion boutique in a vacant store, but only if the average income of households in the area is more than $45,000. A random sample of 9 households showed the following results.
Use the statistical techniques in Excel to advise the group on whether or not they should locate the boutique in this store. Use a .05 level of significance. (Assume the population is normally distributed.)
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Do not reject H0 , 0...View Answer
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Correct Answer:
Verified
Do not reject H0 , 0...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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