Question 1161498
With all the assumptions in place
test statistic is a t 0.99, df=10 =(2956.14-3250)/370/sqrt(11)
critical value is t<-2.764 for a 1 way test
t=-293.86*sqrt(11)/370
=-2.634
fail to reject Ho; there is insufficient evidence to state that the mean daily sales is < $3250
p=0.012