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According to Money, the average amount of money that a typical person in the United States would need to make him or her feel rich is $1.5 million. A researcher wants to test this claim.

A random sample of 100 people in the United States reveals that their mean "amount to feel rich" is $2.3 million and the standard deviation is $0.5 million. Conduct the test.

Reference no: EM131380908

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