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.

Respuesta :

Julian’s data shows that the recent seasons’s average jeans price is not $75.

Julian is a manager at a clothing store for teens.

He is analyzing the order for next season.

What is the average price?

The average price is the mean price of an asset or security observed over some period of time

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.

The answer is A).

Julian’s data shows that the recent seasons’s average jeans price is not $75.

To learn more about the average price visit:

https://brainly.com/question/25799822

Answer:

Julian’s data shows that the recent seasons’ average jeans price is not $75.

Step-by-step explanation:

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