The last time we looked at prices of 8 pairs of Payless sandals to find that:
1. The average price for each pair is $20.625
2. Standard deviation is $ 6.3
Suppose in our school, each person on average spends $25 on a pair of sandal. Is the price of sandals at Payless significantly cheaper than the average price we pay? (Use hypothesis testing with 95% level of confidence)