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It is estimated that the average person in the United States uses 123 gallons of water per day.Some environmentalists believe this figure is too high and conduct a survey of 40 randomly selected Americans.They find a mean of 113.03 gallons and a population standard deviation of 25.99 gallons.Calculate the p-value for this test statistic,and test the hypothesis at α = .01.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, leading to widespread unemployment and poverty.
Stock Market Speculation
The act of trading stocks, commodities, or other financial instruments with the aim of making profits from short-term fluctuations in their prices, often involving high risk.
Protective Tariffs
Tariffs imposed on imports to protect domestic industries from foreign competition by increasing the cost of imported goods.
Demobilized Soldiers
Demobilized soldiers are military personnel who have been discharged from active service, often following the end of a conflict or war.
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