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A group of young businesswomen wish to open high fashion boutique in vacant store, but only if the average income of households in the area is at least $25,000. A random sample of 9 households showed following results.

$28,000 $24,000 $26,000 $25,000

$23,000 $27,000 $26,000 $22,000

$24,000

Employ statistical methods to advise the group on whether or not they must locate the boutique in this store. Use a .05 level of significance.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91124095

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