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Mathematics, 16.04.2020 03:42 dntestkly4581

Your friends wants to get a Food Truck to cater to University of Florida students. They already have the truck and have done research on startup and operating costs, but they have not decided on the type of food they want to sell. They are considering various ideas for their Food Truck and ask for your help in using statistical inference to determine how successful each concept would be. You advise them to cook the different signature dishes they are considering and have a large group of students sample them all. Then each person will give you an idea of how much they would be willing to pay for each signature dish, as a meal with a drink and sides, where appropriate. After carefully taking into account all the costs, you decide that, to make the truck financially successful, customers need to be willing to pay, on average, $8 minimum for their meals. When analyzing the data, how should you write the null and alternative hypotheses to determine if the truck will be successful?

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