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As the authorized purchasing manager for a large insurance firm, you must decide if it is good for the company to upgrade office computers. According to your budget the average cost of a desktop computer must be less than or equal to$2,100. Using a sample of 64 retailers reveals a mean price of $1,951, with a standard deviation of $242. Does the manager proceed with using a 5 percent significant level?

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Financial Management, Finance

Category:- Financial Management
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