Business, 11.12.2019 01:31 vladisking888

Acar dealer who sells only late-model luxury cars recently hired a new salesperson and believes that this salesperson is selling at lower markups. he knows that the long-run average markup in his lot is $5,600. he takes a random sample of 16 of the new salesperson's sales and finds an average markup of $5,000 and a standard deviation of $800. assume the markups are normally distributed. what is the value of an appropriate test statistic for the car dealer to use to test his claim?

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Acar dealer who sells only late-model luxury cars recently hired a new salesperson and believes that...