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A companys management thinks that monthly sells have increased and now average over £50 per The distribution is known to be normal We assume sigma

A company's management thinks that monthly sells have increased, and now average over £50 per month.

·         The distribution is known to be normal.

A company's management thinks that monthly sells have increased, and now average over £50 per month.

·         The distribution is known to be normal.

·         We assume sigma

·         σ = 10 is known.

·         N = 49

·         sample mean = 53.1

Test the claim at the 10% significance (alpha = .10)

·         We assume sigma

·         σ = 10 is known.

·         N = 49

·         sample mean = 53.1

Test the claim at the 10% significance (alpha = .10)

Apr 05 2020 View more View Less

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