Suppose that a claim is made that the average billionaire is 60 years old or younger. The

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Suppose that a claim is made that the average billionaire is 60 years old or younger. The following is a random sample of billionaires' ages, drawn from the Forbes list.

80, 70, 76, 54, 59, 52, 74, 64, 76, 67, 39, 67, 43, 62, 57, 91, 55

Conduct the test using the 0.05 level of significance.

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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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Question Posted: Jun 03, 2015 06:00 AM

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Suppose that a claim is made that the average billionaire is 60 years old or younger. The

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Do not reject H 0 at 005 level of significance Using template Testing P...View the full answer

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