Solved: The average revenue per retail, Applied Statistics

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The average revenue per retail

1) Sprint would like to test the hypothesis that the average revenue per retail user for T-Mobile's customers equals $50. A random sample of 32 T-Mobile customers provided an average revenue of $54.70. It is believed that the population standard deviation for the revenue per retail user is $11.00. Sprint would like to set α = 0.05. Use the critical value approach to test this hypothesis.

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Applied Statistics: The average revenue per retail

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