MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?
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Transcribed Image Text:You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?
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