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Mathematics, 05.05.2020 19:21 meowandcake
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.
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