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Business, 08.07.2019 20:20 abalaam

Julian is a manager at a clothing store for teens. he is analyzing the order for next season. data for the previous 10 years suggests that teens are willing to spend an average of $75 for a pair of designer jeans with a standard deviation of $5. however, julian thinks the average may have changed due to a recession. he finds that the last three seasons of data show that teens spent an average of $68 on a pair of jeans therefore, he performed a hypothesis test to see if the recent average is the same. julian used a significance level of 5% to perform the test. which of the following statements is valid based on the results? julian’s data shows that the recent seasons’ average jean price is not $75. julian’s data shows that he should order fewer jeans than before. julian’s data shows that the recent seasons’ average jean price is still $75. julian’s data is inconclusive, so he should order the same number of jeans.

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