Business, 27.11.2019 23:31 tammydbrooks43
The mammon savings and loan company claims that the average amount of money on deposit in a savings account in their bank is $7,500. suppose a random sample of 49 accounts shows the average amount on deposit to be $6,850 with sample standard deviation $1,200. construct a hypothesis test to determine whether the average amount on deposit per account is different from $7,500. use a 1% level of significance.
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