The cost of a daily newspaper varies from city to city. However, the variation among prices remains steady with a standard deviation of $0.20. A study was done to test the claim that the mean cost of...


The cost of a daily newspaper varies from city to city. However, the variation among prices remains steady with a standard deviation of $0.20. A study was done to test the claim that the mean cost of a daily newspaper is $1.00. Fifteen costs yield a mean cost of $0.97 with a standard deviation of $0.18. Do the data support the claim at the 1% level?



Jun 02, 2022
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