QUESTION 19It was found that the mean annual tumover rate of the Aspirin medicine bottle is 22. The management think that the mean is changed.Therefore, a random sample of 92 is chosen that shows the average is 19 and the standard deviation is 12. Use 0.07 significance level to testthis claim.Based on the above, the test statistic is equal to?(Round answer to two decimal places ex. 2.09)

In the question, we have the following data, Hypothesized mean=22 They have considered 92 samples,…

Answered: ased on the above, the test statistic…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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ased on the above, the test statistic is equal to? (Round answer to two decimal places ex. 2.09)