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Business Statistics, 3rd Edition
book

Business Statistics, 3rd Edition

by Naval Bajpai
April 2024
Intermediate to advanced content levelIntermediate to advanced
921 pages
37h 16m
English
Pearson India
Content preview from Business Statistics, 3rd Edition
Chapter 10
360
5. For Problem 4, use the critical value approach to accept or
reject the hypothesis.
6. Suppose that in the last fi ve years, the average price per
2 bedroom fl at in the Vasant Kunj area of New Delhi has
been estimated as `2,000,000. A real estate company
wants to determine whether this data still holds good.
The company takes a sample of 20 houses and fi nds that
the average price is `2,500,000 with a standard deviation
of `25,000. Use
α
= 0.05 to test the hypothesis.
7. A mineral water company claims that the average amount
of water fi lled in each of its bottles is 1.108 litres. For ver-
ifying this claim, a researcher takes ...
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Publisher Resources

ISBN: 9789390168996