Test Hypotheses about a Population Proportion
-In 2002, the mean expenditure for auto insurance in a certain state was . An insurance salesperson in this state believes that the mean expenditure for auto insurance is less today. She obtains a simple random sample of 32 auto insurance policies and determines the mean expenditure to be with a standard deviation of . Is there enough evidence to support the claim that the mean expenditure for auto insurance is less than the 2002 amount at the level of significance?
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