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Develop a hypothesis test if the mean price

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1. According to government statistics, the mean price for a used car is $11,293 in the US. The process for a sample of 50 cars sold in Austin yielded a mean price of $13,425. Develop a hypothesis test if the mean price for a used car is higher in the city of Austin. At α = .05, what is your conclusion?

Reference no: EM131460593

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