Sales at a fast-food restaurant average $6.000 per day. The restaurant decided to introduce an advertising campaign to increase dally sales. In order to determine the effectiveness of the advertising campaign, a sample of 4 average daily sales of $6,300. From past history, the restaurant knew that its population standard deviation is about $1,000. If the level of significance is 0.01, have sales increased as a result of the advertising campaign?
Sales at a fast-food restaurant average $6.000 per day. The restaurant decided to introduce an advertising campaign to increase dally sales. In order to determine the effectiveness of the advertising campaign, a sample of 4 average daily sales of $6,300. From past history, the restaurant knew that its population standard deviation is about $1,000. If the level of significance is 0.01, have sales increased as a result of the advertising campaign?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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