The marketing manager of a firm that produces laundry products decides to test market a new laundry product in each of the firm's two sales regions. He wants to determine whether there will be a difference in mean sales per market per month between the two regions. A random sample of 18 supermarkets from Region 1 had mean sales of 81 with a standard deviation of 6.6. A random sample of 12 supermarkets from Region 2 had a mean sales of 77.2 with a standard deviation of 5.3. Does the test marketing reveal a difference in potential mean sales per market in Region 2? Let μ₁ be the mean sales per market in Region 1 and 2 be the mean sales per market in Region 2. Use a significance level of α = 0.02 for the test. Assume that the population variances are not equal and that the two populations are normally distributed. Step 3 of 4: Find the p-value for the hypothesis test. Round your answer to four decimal places.
The marketing manager of a firm that produces laundry products decides to test market a new laundry product in each of the firm's two sales regions. He wants to determine whether there will be a difference in mean sales per market per month between the two regions. A random sample of 18 supermarkets from Region 1 had mean sales of 81 with a standard deviation of 6.6. A random sample of 12 supermarkets from Region 2 had a mean sales of 77.2 with a standard deviation of 5.3. Does the test marketing reveal a difference in potential mean sales per market in Region 2? Let μ₁ be the mean sales per market in Region 1 and 2 be the mean sales per market in Region 2. Use a significance level of α = 0.02 for the test. Assume that the population variances are not equal and that the two populations are normally distributed. Step 3 of 4: Find the p-value for the hypothesis test. Round your answer to four decimal places.
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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