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Test Hypotheses About a Population Mean with Unknown
-A Local α=0.01\alpha = 0.01

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Test Hypotheses about a Population Mean with Unknown
-A local group claims that the police issue at least 60 parking tickets a day in their area. To prove their point, they randomly select two weeks. Their research yields the number of tickets issued for each day. The data are listed below. At α=0.01\alpha = 0.01 , test the group's claim.
7048416869557057608332607258\begin{array} { l l l l l l l l l l } 70 & 48 & 41 & 68 & 69 & 55 & 70 & 57 & 60 & 83 \\32 & 60 & 72 & 58 & & & & & &\end{array}


Definitions:

Reimbursement

The process of compensating someone for an expense they have incurred.

Surety

A person or entity that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.

Outlays

Expenditures or the amount of money expended in the course of conducting business or executing a project.

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

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