Introduction to Business Statistics
Introduction to Business Statistics
7th Edition
ISBN: 9781111792374
Author: WEIERS
Publisher: Cengage Learning
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Chapter 10.3, Problem 10.30E

In the past, patrons of a cinema complex have spent an average of $5.00 for popcorn and other snacks, with a standard deviation of $1.80. The amounts of these expenditures have been normally distributed. Following an intensive publicity campaign by a local medical society, the mean expenditure for a sample of 18 patrons is found to be $4.20. In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.

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