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jcarpp jcarpp
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7 months 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 actual average ticket price on the secondary market is $212.50 and the standard deviation of the price of tickets for Packers games is $43. The Green Bay Packers would like to set α = 0.01. Calculate the probability of a Type II error.
Textbook 

Business Statistics


Edition: 2nd
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oricosonoricoson
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