A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on
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A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on average during the first year, a yield of 10% on their initial investments. A random sample of 10 of these franchises produced the following yields for the first year of operation:
Assuming that population yields are normally distributed, test the company’s claim at the 1% significance level.
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Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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