Mean price of diamonds


The cost of a one-carat VS2 clarity, H color diamond from Diamond Source USE is $5,600. A midwestern jeweler makes calls to contacts in the diamond district of New York City to see whether the mean price of diamonds there is different from $5,600.

a. The test statistic is (2 decimals)

Answer:

b. The degrees of freedom are

Answer:

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Basic Statistics: Mean price of diamonds
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