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College student average expense

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The average cost per day of owning an automobile in the United States is $7.62 with standard deviation of $1.77. This includes the cost of the car, general maintenance, gasoline, and insurance. A random sample of 54 students who own cars found the average cost per day to be $6.78. Is the college student's average expense less than the national average? complete write-up in context.

Reference no: EM132518533

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