MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A box model is used to conduct a hypothesis test for the following scenario:
A marketing firm randomly selects 300 households in a town asking about their annual income. They want to test whether the average household income in the town is $88,000 annually.
The average of the ticket values in the box assuming the null hypothesis is true is best described as...
Group of answer choices
Random and unknown; it must be estimated
Fixed and unknown; it must be estimated
Random and known
Fixed and known
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