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Mathematics, 12.08.2020 05:01 leslieperez67

A publishing company claims that in fall 2019, the average price of college textbooks for a single semester is $385. Suppose you decide to collect data from a random sample of students to assess whether the publisher's claim is reasonable, and you find that in a random sample of 22 college students, the mean price of textbooks for the fall 2019 semester was $433.50 with a standard deviation of $86.92. At the 0.01 significance level, is there sufficient evidence to conclude that the mean price of college textbooks for a single semester is different from the value claimed by the publisher?

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