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:

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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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Related Book For  answer-question

Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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