A manufacturer wishes to determine if the average profit from the sale of his product exceed $6,710.

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A manufacturer wishes to determine if the average profit from the sale of his product exceed $6,710. Which of the following is the appropriate hypothesis test?

H0: profit from sales > 6,710 vs. profit from sales <_ (less than or equal to) 6,710

H0: profit from sales <_ (less than or equal to) 6,710 vs. profit from slaws > 6,710

H0: profit from sales < 6,710 vs profit from sales >_ (greater or equal to) 6,710

H0: profit from sales >_ (greater or equal to) 6,720 vs profit from sales < 6,710

Related Book For answer-question

Elementary Statistics A step by step approach

ISBN: 978-0073386102

8th edition

Authors: Allan Bluman

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Posted Date: Jan 31, 2022 02:06 AM

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A manufacturer wishes to determine if the average profit from the sale of his product exceed $6,710.

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Answer Explanation H0 population mean profit from sale 6710 vs ... View the full answer

Elementary Statistics A step by step approach

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