Answer to Question #81873 in Economics for Angel

Question

A report in LTO stated that the average age of taxis in the Philippines is 9 years. An operations manager of a large taxi company selects a sample of 40 taxis and finds the average age of the taxis is 8.2 years The σ if the population is 2.3 years. At α =0.05 it be concluded that the average age of the taxis in his company is less than the national average.

Answer 1

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