It Costs $60 On Average To Process Paperwork

It costs $60 on average to process paperwork for an insurance company. Cost cutting measures wereimplemented and afterwards 15 samples were studied. The result of the sample is listed below. At .01 isthere a reduction in cost?Sample123456789101112131415Average paperwork cost626555525851615453555063675653

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It costs $60 on average to process paperwork

Question
It costs $60 on average to process paperwork for an insurance company. Cost cutting measures were
implemented and afterwards 15 samples were studied. The result of the sample is listed below. At .01 is
there a reduction in cost?
Sample
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Average paperwork cost
62
65
55
52
58
51
61
54
53
55
50
63
67
56
53

find the cost of your paper