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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- A large furniture store has begun a new ad campaign on local television. Before the campaign, the long term average daily sales were $24,819. A random sample of 40 days during the new ad campaign gave a sample mean daily sales of = $25,910. Does this indicate that the population mean daily sales is now more than $24,819 use a 1% level of significance? Assume . the standard deviation is $1917
- State the null and alternative hypotheses.
- Identify the test. Justify your answer.
- Draw a picture.
- Find the test statistic.
- Find the p-value.
- Will you reject or fail to reject the null hypothesis?
- State a conclusion.
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