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Answer to Question #34499 in Statistics and Probability for BJ Brooks

Question #34499
store manager claims that the average age of his customers is less than 40 years old, while the industry average is 40 years old. He asks you to test his thinking. You collect a sample of 50 customers and found that the average age is 38.7. Assuming that the population standard deviation is 12.5 years and using α = 0.05, test your manager's hypothesis. What is your conclusion?
μ = 40
μ < 40
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