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During the investigation of an alleged unfair trade practice, the Federal Trade Commission takes a random...

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Statistics

During the investigation of an alleged unfair trade practice,the Federal Trade Commission takes a random sample of 50 “3-ounce”candy bars from a large shipment. If the mean and the standarddeviation of their weights are, respectively, 2.92 ounces and 0.21ounce, determine at the level of 0.01 significance whether thecommission has grounds upon which to proceed against themanufacturer on the unfair practice of short-weight selling. Statehypotheses, P-value, and conclusion.

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