According to National Retail Foundation, holiday shoppers spent an average of $935.58 over the Thanksgiving weekend in
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According to National Retail Foundation, holiday shoppers spent an average of $935.58 over the Thanksgiving weekend in 2016. The following data show the amount spent by a random sample of holiday shoppers during the same weekend in 2017:
a. Test the hypothesis that that shoppers spent less than an average of $935.58 over the Thanksgiving weekend in 2016 using ? = 0.05.
b. Estimate the p-value for this test using Table 5 in Appendix A.
c. Determine the precise p-value for this test using Excel.
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