Small business owner A small business owner believes that updating the look of their store will...
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Small business owner A small business owner believes that updating the look of their store will increase how long customers spend in the store, therefore increasing how much money is spent. The long-standing average was 15.8 minutes with standard deviation 6.2 minutes. After rearranging and updating the store, a random sample of 83 customers has a mean of 17.4 minutes. If the small business owner finds that updating the look of the store is not enough to increase the amount of time spent in the shop, they plan to hire a consultant to help them improve their customer's experience. The store owner uses Mintab to run the hypothesis test. Below is the output. At a 1% level of significance, what can the owner conclude? Test Z-Value P-Value 2.35 0.009 BIUA A Ix = = 12pt Paragraph E fx x 12 5 points State, in context, what a Type I error would be and find the probability that the store owner makes this mistake. BIUA A - x 12pt Paragraph fx DOD Small business owner A small business owner believes that updating the look of their store will increase how long customers spend in the store, therefore increasing how much money is spent. The long-standing average was 15.8 minutes with standard deviation 6.2 minutes. After rearranging and updating the store, a random sample of 83 customers has a mean of 17.4 minutes. If the small business owner finds that updating the look of the store is not enough to increase the amount of time spent in the shop, they plan to hire a consultant to help them improve their customer's experience. The store owner uses Mintab to run the hypothesis test. Below is the output. At a 1% level of significance, what can the owner conclude? Test Z-Value P-Value 2.35 0.009 BIUA A Ix = = 12pt Paragraph E fx x 12 5 points State, in context, what a Type I error would be and find the probability that the store owner makes this mistake. BIUA A - x 12pt Paragraph fx DOD
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