subject
Mathematics, 01.01.2020 18:31 jellyangie1

Amanager of a grocery store wants to determine if consumers are spending more than the national average. the national average is $150.00 with a standard deviation of $30.20. the manager collects 40 random receipts and finds that the average is $160. complete a hypothesis test with a significance level of 2.5% to determine if the average customer spends more in his store than the national average. which of the following is a valid conclusion for the manager based on this test?

a. the customers spend more than the national average in his store. b.the manager should decrease prices in his store. c.the customers do not spend more than the national average in his store. d.the customers in his store just come from a rich neighborhood.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:50
Aresearch group wants to find the opinions’ of city residents on the construction of a new downtown parking garage. what is the population of the survey downtown shoppers downtown visitors downtown workers city residents
Answers: 3
question
Mathematics, 22.06.2019 01:30
12.0 million metric tons of beef produced annually in the u.s. out if 65.1 mikkion metric tons of produced annually worldwide
Answers: 1
question
Mathematics, 22.06.2019 02:00
Einstein office equipment has a rental plan for office machines. a fax machine that lists for $722.98 can be rented for 22% of the price annually. the state imposes a usage charge of 3.2%. if stephen hawking travel decides to rent the fax machine, what will its total monthly rental charge be?
Answers: 2
question
Mathematics, 22.06.2019 02:20
Find the probability that -0.3203 < = z < = -0.0287 find the probability that -0.5156 < = z < = 1.4215 find the probability that 0.1269 < = z < = 0.6772
Answers: 2
You know the right answer?
Amanager of a grocery store wants to determine if consumers are spending more than the national aver...
Questions
question
History, 20.04.2020 21:34
question
Mathematics, 20.04.2020 21:34
Questions on the website: 13722362