Compute value of the test statistic for hypothesis test

Reference no: EM13150378

1. Develop appropriate hypothesis for the situation.
Ho: mu
Ha: mu

2. Compute the value of the test statistic for this hypothesis test.

3. Compute the p-value for this problem.

4. Using the p-value, at 95% confidence, test to determine whether the measures were effective in reducing the average price.

Reference no: EM13150378

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