Hypothesis testing;200 customers with following results:Sample mean pr

Hypothesis testing;200 customers with following results:Sample mean pr

Hypothesis testing;200 customers with following results:Sample mean price was $46.60 with a standard dev of $5.90Proportion who would purchase the new product was 78%You have the new data already so like I said at least 85% of customers must express some desire for the product. The customers who are interested must be willing to pay at least 47.501. Conduct hypothesis tests for price and proportion2. Based on the updated data and parameters, should the new line be marketed, explain your answer.