Question: Could you please show me your calculation ? 1, There are 2 opportunities for purchasing a printing franchise in the City of Richmond in BC.

Could you please show me your calculation ?

1, There are 2 opportunities for purchasing a printing franchise in the City of Richmond in BC. One could open it in the north end of the city or the south end. Customers were surveyed about how much they would be willing to spend, and the results are given below:

NORTH 395,405,414,379,520,490,400,340

SOUTH 380,400,400,382,525,450,390,360

Using the paired difference approach to hypothesis testing

a. What are the averages of North and South and the differences

b. What are the t-value and critical t-value

c. Explain your results and recommendations for investing

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!