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Two independent samples are selected at random from two normal populations. The sample statistics are as follows:
and
Assuming that a two-tailed hypothesis test is conducted at α = 0.05, what is the value of the test statistic?
Predicted Amount
An estimated figure or value anticipated based on current trends, analysis, or modeling.
Sales
The transactions involving the exchange of goods or services for money, constituting the primary revenue for most businesses.
Price Variance
The difference between the actual cost of a product or service and its standard or expected cost.
Price
The amount of money expected, required, or given in payment for something.
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