Solution-P-value approach to test, Hallmark would like to

P-value approach to test

Reference no: EM131098197

Hallmark would like to test the hypothesis that those celebrating Valentine's Day will spend more than an average of $125 on gifts. A random sample of 18 people celebrating Valentine's Day spent an average of $148.50 with a standard deviation of $34.90. Hallmark would like to set α = 0.01. Use the p-value approach to test this hypothesis.

Reference no: EM131098197

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P-value approach to test : Hallmark would like to set α = 0.01. Use the p-value approach to test this hypothesis.

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P-value approach to test

Reference no: EM131098197

Reference no: EM131098197

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