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Business, 24.02.2020 18:24 shikiaanthony

A health insurer has determined that the "reasonable and customary" fee for a certain medical procedure is $1200. They suspect that the average fee charged by one particular clinic for this procedure is higher than $1200. The insurer wants to perform a hypothesis test to determine whether their suspicion is correct. Determine the null and alternative hypotheses for this test.

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