(Steps Shown) The cost of a one-carat VS2 clarity, H color diamond from Diamond Source USA is $5600. A Midwestern jeweler makes calls to contacts in the


Question: The cost of a one-carat VS2 clarity, H color diamond from Diamond Source USA is $5600. A Midwestern jeweler makes calls to contacts in the diamond district of New York City to see whether the mean price of diamonds there differs mom $500

York City differ from $5600.

  1. Formulate hypotheses that can be used to determine whether the mean price in New York City differs from $5600.
  2. A sample of 25 New Yok City contacts provided the prices shown in the CD fie named Diamonds. What is the p-value?
    Price: $2.99
    Solution: The downloadable solution consists of 2 pages
    Deliverable: Word Document

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