Question

Faced with rising fax costs, a firm issued a guideline that transmissions of 8 pages or more should be sent by 2-day mail ins

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Answer #1

a1)

Test statistic,
t = (xbar - mu)/(s/sqrt(n))
t = (8.81 - 8)/(2.51/sqrt(39))
t = 2.0153

a2)

No

a3)

=1-T.DIST(2.0153,38,TRUE)

p value = 0.0255

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