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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
16 Nov 2021

Given information

The sample mean()=$71,121; the standard deviation(s)=$7,489; the sample size(n)=41

Step-by-step explanation

Step 1.

First, we need to conduct a hypothesis in order to test the claim that the true proportion.

Null hypothesis(): = 69,110;

Alternative hypothesis(): >69,110;

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