A shop owner claims that on average, his shop has a daily turnover of R75 000. Test this claim at the 5% significance level, if the average daily turnover for a sample of 88 days was R71 500. Assume a population standard deviation of R4 450.

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Q.8.3 A shop owner claims that on average, his shop has a daily turnover of R75 000. Test
this claim at the 5% significance level, if the average daily turnover for a sample of 88
days was R71 500. Assume a population standard deviation of R4 450.
Transcribed Image Text:Q.8.3 A shop owner claims that on average, his shop has a daily turnover of R75 000. Test this claim at the 5% significance level, if the average daily turnover for a sample of 88 days was R71 500. Assume a population standard deviation of R4 450.
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