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A Company Claims That the Standard Deviation in Its Delivery

question 8

Essay

A company claims that the standard deviation in its delivery time is less than 5 days. A sample of 27 past customers is taken. The average delivery time in the sample was 14 days with a standard deviation of 4.5 days. At a 5% level of significance, test the company's claim.


Definitions:

New Market

A new market refers to the introduction or discovery of new sectors, customer groups, or geographic areas where a business or product has not previously engaged or sold.

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