A grocery store analyst is studying daily sales for establishments located along the Gulf coast. A random

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A grocery store analyst is studying daily sales for establishments located along the Gulf coast. A random sample of 16 stores exhibited a sample mean (in thousands of dollars) of 9.43 and a sample standard deviation of (in thousands of dollars) of 2.85. Suppose the analyst's status quo understanding is that daily sales for this class of establishment averages ( in thousands of dollars) no more than 8.00

A. What would the null hypothesis and alternate hypothesis be in this situation?

B. What is the critical value for the test statistic (assume alpha ?= 0.05)?

C. Given your answer to A and B, what do the results of this analysis suggest about the analyst's status quo understanding?

Posted Date: Oct 25, 2021 08:25 PM

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A grocery store analyst is studying daily sales for establishments located along the Gulf coast. A random

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Given the sample size of stores is n16 Sample mean ... View the full answer

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