Solution) The following data was collected at a local store for total value of a sale transaction. $39.05 $2.7


Question: The following data was collected at a local store for total value of a sale transaction.

$39.05 $2.73 $32.92 $47.51

$37.91 $34.35 $64.48 $51.96

$56.95 $81.58 $47.80 $11.72

$21.57 $40.83 $38.24 $32.95

$75.16 $74.30 $47.54 $65.62

Can the store conclude at 95% confidence that the average sale transaction has a total value different from $50? Are any of the data point’s outliers (why). Appropriately deal with them if they are.

Price: $2.99
Answer: The solution consists of 5 pages
Deliverables: Word Document

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