Can infer that firm should launch product in the area


Your firm has determined that if the average household salary in a geographic area is greater than $53000, then their product will be successful. You randomly sample 28 households in an area of consideration, and find the mean to be $51200 with a standard deviation of $2100. Can we infer that the firm should launch the product in this area?

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Basic Statistics: Can infer that firm should launch product in the area
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