A wine producer believes that a new advertisement will increase product sales in LCBO by an average of 50 cases in a week. For a random sample of 20 LCBO stores, it was found that the average sales increase was 41.3 cases, and the sample standard deviation was 12.2 cases. Test the null hypothesis that the population mean sales increase is at least 50 cases, stating any assumptions you can make. Use 5% as a significant level. (You NEED to use BOTH the Critical-value approach and p-value approach to get a full mark). a) None of the answers are correct Ob) Do not reject the null hypothesis

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A wine producer believes that a new advertisement will increase product sales in
LCBO by an average of 50 cases in a week. For a random sample of 20 LCBO stores, it
was found that the average sales increase was 41.3 cases, and the sample standard
deviation was 12.2 cases.
Test the null hypothesis that the population mean sales increase is at least 50 cases,
stating any assumptions you can make. Use 5% as a significant level.
(You NEED to use BOTH the Critical-value approach and p-value approach to get a
full mark).
a) None of the answers are correct
Ob) Do not reject the null hypothesis
O) Reject the null hypothesis.
Transcribed Image Text:A wine producer believes that a new advertisement will increase product sales in LCBO by an average of 50 cases in a week. For a random sample of 20 LCBO stores, it was found that the average sales increase was 41.3 cases, and the sample standard deviation was 12.2 cases. Test the null hypothesis that the population mean sales increase is at least 50 cases, stating any assumptions you can make. Use 5% as a significant level. (You NEED to use BOTH the Critical-value approach and p-value approach to get a full mark). a) None of the answers are correct Ob) Do not reject the null hypothesis O) Reject the null hypothesis.
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