Find the test value for hypothesis using standard deviation


An average department store sells 350 men's suits per year. The men's suit departments at a particular national chain of stores claim that they sell more than the industry average. In a sample of 40 stores, they sold, on the average, 370 suits per year with a standard deviation of $60. What is the test value for this hypothesis?

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Microeconomics: Find the test value for hypothesis using standard deviation
Reference No:- TGS051107

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