Mathematics, 25.05.2021 23:50 alexsrules9711
A sample of 28 sales transactions at Costco shows a mean transaction time of 296 seconds with a standard deviation of 48 seconds. Costco is interested in finding out whether the mean transaction time is less than 310 seconds. Answer the following questions. a) Write down the null and alternative hypotheses. b) Find the test statistic and the critical value at 1% significance level. c) At 1% level of significance, what is your conclusion
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