2) SLT Mobitel would like to test the hypothesis that the average revenue per retail user for Etisalat's customers equals $50. A random sample of thirty two Etisalat's customers provided an average revenue of $54.70. The population standard deviation for the revenue per retail user is believed to be $11.00. SLT Mobitel would like to set an alpha level of 0.05. Test this hypothesis using the critical value approach.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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2) SLT Mobitel would like to test the hypothesis that the average revenue per retail user for
Etisalat's customers equals $50. A random sample of thirty two Etisalat's customers provided an
average revenue of $54.70. The population standard deviation for the revenue per retail user is
believed to be $11.00. SLT Mobitel would like to set an alpha level of 0.05. Test this hypothesis
using the critical value approach.
Transcribed Image Text:2) SLT Mobitel would like to test the hypothesis that the average revenue per retail user for Etisalat's customers equals $50. A random sample of thirty two Etisalat's customers provided an average revenue of $54.70. The population standard deviation for the revenue per retail user is believed to be $11.00. SLT Mobitel would like to set an alpha level of 0.05. Test this hypothesis using the critical value approach.
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ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
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Pearson Addison Wesley,