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A group of local businessmen is thinking about developing land into a shopping mall. To evaluate the desirability of the location, they count the number of shoppers who visit the neighboring shopping center each day. A random sample of 55 days reveals a daily average of 99 shoppers with a standard deviation of 49 shoppers. The businessmen will develop the land if the average number of shoppers per day is more than 90. Based on the sample data, should the businessmen develop the land? Perform a hypothesis test and use a significance level of a = 0.02. Assume the population of the number of daily shoppers is approximately normally distributed. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.

A group of local businessmen is thinking about developing land into a shopping mall. To evaluate the desirability of the location, they count the number of shoppers who visit the neighboring shopping center each day. A random sample of 55 days reveals a daily average of 99 shoppers with a standard deviation of 49 shoppers. The businessmen will develop the land if the average number of shoppers per day is more than 90. Based on the sample data, should the businessmen develop the land? Perform a hypothesis test and use a significance level of a = 0.02. Assume the population of the number of daily shoppers is approximately normally distributed. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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A group of local businessmen is thinking about developing land into a shopping mall. To evaluate the desirability of the location, they count the number of shoppers who visit the neighboring shopping center each day. A random sample of 55 days reveals a daily average of 99 shoppers with a standard deviation of 49 shoppers. The businessmen will develop the land if the average number of shoppers per day is more than 90. Based on the sample data, should the businessmen develop the land? Perform a hypothesis test and use a significance level of a = 0.02. Assume the population of the number of daily shoppers is approximately normally distributed. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.
Transcribed Image Text:A group of local businessmen is thinking about developing land into a shopping mall. To evaluate the desirability of the location, they count the number of shoppers who visit the neighboring shopping center each day. A random sample of 55 days reveals a daily average of 99 shoppers with a standard deviation of 49 shoppers. The businessmen will develop the land if the average number of shoppers per day is more than 90. Based on the sample data, should the businessmen develop the land? Perform a hypothesis test and use a significance level of a = 0.02. Assume the population of the number of daily shoppers is approximately normally distributed. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.
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