Question: Consumer Reports uses a 100-point customer satisfaction score to rate the nation's major chain stores. Assume that from past experience with the satisfaction rating score,
Consumer Reports uses a 100-point customer satisfaction score to rate the nation's major chain stores. Assume that from past experience with the satisfaction rating score, a population standard deviation of σ = 12 is expected. In 2012, Costco with its 432 warehouses in 40 states was the only chain store to earn an outstanding rating for overall quality (Consumer Reports, March 2012). A sample of 15 Costco customer satisfaction scores follows.
.png)
a. What is the sample mean customer satisfaction score for Costco?
b. What is the sample variance?
c. What is the sample standard deviation?
d. Construct a hypothesis test to determine whether the population standard deviation of σ = 12 should be rejected for Costco. With a .05 level of significance, what is your conclusion?
95 93 62 1 2 889 988 586 998
Step by Step Solution
3.39 Rating (152 Votes )
There are 3 Steps involved in it
a b c d Hypothesis for 12 is for s 2 12 2 144 H 0 s 2 144 H a s 2 144 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
995-M-S-N (2891).docx
120 KBs Word File
