[See Solution] Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising
Question: Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 60 manufacturing companies located in the Southwest. The mean expense is $52.0 million and the standard deviation is $11.32 million. Is it reasonable to conclude the sample data are from a population that follows a normal probability distribution? Use the 0.5 significance level.
| Advertising Expense | Number of Companies |
| 25 up to 35 | 5 |
| 35 up to 45 | 10 |
| 45 up to 55 | 21 |
| 55 up to 65 | 16 |
| 65 up to 75 | 8 |
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