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An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past 5 years, the average daily revenue was $675 with a standard deviation of $75. A sample of 30 days reveals a daily average revenue of $625. If you were to test the null hypothesis that the daily average revenue was $675, which test would you use?

Z-test of a population mean

Z-test of a population proportion

t-test of population mean

t-test of a population proportion

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9991456

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