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
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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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