[See Solution] An entrepreneur is considering the purchase of a coin-operated laundry. The present owner claims that over the past 5 years, the average
Question: An entrepreneur is considering the purchase of a coin-operated laundry. The present owner claims that over the past 5 years, the average daily revenue was $675 with a standard deviation of $75. A sample of 30 days reveals a daily average revenue of $625.
- What is the appropriate null hypothesis and alternative hypothesis?
- Do you agree with present owner claims use \[\alpha \] = 0.05.
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![[Solution] If we know that the length](/images/solutions/MC-solution-library-36012.jpg "[Solution] If we know that the length of time it takes a college")
[Solution] If we know that the length of time it takes a college
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