A shop owner claims that on average, his shop has a daily turnover of R55000. Test this claim at the 1% significance level, if the average daily turnover for a sample of 68 days was R57750. Assume a population standard deviation of R3250.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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A shop owner claims that on average, his shop has a daily turnover of R55000. Test this claim at the 1% significance level, if the average daily turnover for a sample of 68 days was R57750. Assume a population standard deviation of R3250.

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