5. Departmental Store Agora claims that their mean weekly sales of Aerosol were at most 2,400...
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5. Departmental Store Agora claims that their mean weekly sales of Aerosol were at most 2,400 packages over the past 6 months and population distribution is unknown. The manager wants to check if the sales have decreased in recent times. He obtained a random obtained sample of sales data from 61 stores and found that the sample mean is 3,593 packages with sample standard deviation 4919. At 7% significance level, using critical value approach see if the claim is true or not. 5. Departmental Store Agora claims that their mean weekly sales of Aerosol were at most 2,400 packages over the past 6 months and population distribution is unknown. The manager wants to check if the sales have decreased in recent times. He obtained a random obtained sample of sales data from 61 stores and found that the sample mean is 3,593 packages with sample standard deviation 4919. At 7% significance level, using critical value approach see if the claim is true or not.
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Hypothesis for the test is H0 mu 2400 Vs H1 mu 2400 where mu is the popula... View the full answer
Related Book For
Consumer Behavior Building Marketing Strategy
ISBN: 978-0077645557
12th edition
Authors: Delbert Hawkins, David Mothersbaugh
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