Step 1: Calculate the test statistic using the formula:
\[ \text{Test Statistic} = \frac{\bar{x} - \mu}{\frac{\sigma}{\sqrt{n}}} \]
where
- \(\bar{x}\) is the sample mean (74),
- \(\mu\) is the population mean (80),
- \(\sigma\) is the standard deviation (12),
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