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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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Golson Golson
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2 years ago
The management of the Green Bay Packers football team would like to test the hypothesis that the average price of a ticket is less than $225 on the secondary market. A random sample of 40 customers paid an average of $207 for their ticket. Assume that the standard deviation of the price of tickets for Packers games is $43. The Green Bay Packers would like to set α = 0.01. Use the critical value approach to test this hypothesis.
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Business Statistics

Business Statistics


Edition: 2nd
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tayloramandaatayloramandaa
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