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PROBLEM 1 (25 points) Mall security estimates that the average daily per-store theft is less than $250, but wants to determine the accuracy of this...

PROBLEM 1 (25 points)

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

Top Answer

a) Reject the null hypothesis. Conclusion: Mall security... View the full answer

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Other Answers

(a) We reject the null... View the full answer

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