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Mathematics, 24.03.2020 18:12 hiji0206
"A chain store sells certain outdoor sporting equipment for an average of $15.99 per item across all of its stores. The CEO is interested in if his/her competitor sells the item for a mean price that differs from theirs. The CEO randomly selects 550 of its competitors stories from around the country and gets a sample mean of $15.21 for the item." Write a Null and Alternative Hypothesis for the scenario described.
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