Grace floral shop claims that their average daily earnings is $497. An auditor wants to determine whether this claim is true . the auditor selected a sample of 100 days and found that that the sample...


Grace floral shop claims that their average daily earnings is $497. An auditor wants to determine whether this claim is true . the auditor selected a sample of 100 days and found that that the sample mean earnings was $495 with a sample standard deviation of 9.75.assist the auditor in conducting a hypothesis test, at the 3% level of significant, to determine whether the claim about their average daily earnings was overstated.


Calculate the p-value of the test


State conclusion for the test.give reason for your answer



Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here