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Assume that a simple random sample has been selected from a normally distributed population. Find the test statistic, P-value, critical value(s), and state the final conclusion.
-A cereal company claims that the mean weight of the cereal in its packets is at least 14 oz. The weights (in ounces)of the cereal in a random sample of 8 of its cereal packets are listed below. At the 0.01 significance level, test the claim that the mean weight is 14 ounces.
Union Dues
Membership fees paid by workers to labor unions for representation and services provided.
State Income Tax
A tax levied by a state on the income earned by its residents and businesses operating within the state.
Federal Income Tax
Tax levied by the federal government on individuals, corporations, estates, and other entities' annual earnings.
State Unemployment
A government-provided insurance program that offers temporary financial assistance to the unemployed who lost their jobs through no fault of their own.
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