Mathematics, 19.02.2021 16:30 FailingstudentXD
An entrepreneur is considering the purchase of a coin-operated laundry. The current 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. If you were to test the null hypothesis that the daily average revenue was $675 with a level of significance level of 0.01. Which test would you use and why?
a. Z-test of a population mean.
b. T-test of population mean.
c. Z-test of population proportion.
d. t-test of a population proportion
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An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims tha...
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