CNN/Money reports that the mean cost of a speeding ticket, including court fees, was $150.00 in 2002. A local police department claims that this amount has increased. To test their claim, they collect data from a simple random sample of 150 drivers who have been fined for speeding in the last year, and find that they paid a mean of $154.00 per ticket. Assuming that the population standard deviation is $17.54, is there sufficient evidence to support the police department’s claim at the a = 0.05 significance level?
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