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JNB252 / ANALYTICAL METHODS FOR DECISION-MAKING Add in library

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Question 1 A market researcher of a trucking company intends to carry out a state wide survey concerning  truck repairs. He gathered data on the costs of all repairs performed by a truck owner during the  last year. The past experience of research suggests that the mean cost of repairs is $2,000. He  collected data from 25 truck owners and found that the new mean cost of repairs was $2,250 with a standard deviation of $437. He wishes to find whether the population mean is dif ...

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