Question: You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count

You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers in a store in one day) has been steady, at 900, for some time. To increase the customer count, the chain is considering cutting prices for coffee beverages.

1. Does reducing the price of a small coffee to either $ 0.59 or $ 0.79 increase the mean per- store daily customer count?

2. If reducing the price of a small coffee to either $ 0.59 or $ 0.79 increases the mean per- store daily customer count, is there any difference in the mean per- store daily customer count between stores in which a small coffee was priced at $ 0.59 and stores in which a small coffee was priced at $ 0.79?

3. What price do you recommend for a small coffee?

4. Analyze the data and determine whether there is evidence of a difference in the daily customer count, based on the price of a small coffee.

5. If appropriate, determine which mean prices differ in daily customer counts.

6. What price do you recommend for a small coffee?

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1 Stores that priced the small coffee at 059 H 0 900 vs H 1 900 Since the pvalue 00069 005 reject H 0 There is evidence that reducing the price of a s... View full answer

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