If the average sales in the last 4 years was 28,000 with a standard deviation of 5,000. If you choose to
1-If the average sales in the last 4 years was 28,000 with a standard deviation of 5,000. If you choose to sample the last 4 weeks of the year scored an average of 29,800. The critical value of the test is:
a. 2.33
b. -2.33
c. .54
2-Using question #1, the significance level was set for the hypothesis test is0.01.
3-A manager of an electronics store wants to know if the average sales in the Christmas season is over $ 30.000 per week. The null hypothesis to be formulated to perform the hypothesis test is:
a. Ho< 30,000
b. Ho = 30,000
c. Ho = 40,000
4-If the average sales in the last 4 years was 28,000 with a standard deviation of 5,000. If you choose to sample the last 4 weeks of the year scored an average of 29,800. The statistic to utilize for the test is
a.µ
b.z
c. t
11 years ago
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