Question: 7. The Excel file Sales Data provides data on a sample of customers. An industry trade publication stated that the average profit per customer for
7. The Excel file Sales Data provides data on a sample of customers. An industry trade publication stated that the average profit per customer for this industry was at least $4,500. Using a test of hypothesis, do the data support this claim or not?
The company believes that their average profit exceeds $4,500. Test a hypothesis to determine if there is evidence to support this.
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