Question
1. A magazine claims that the mean amount spent by a customer at burger Stop is greater than the mean amount spent by a customer
1. A magazine claims that the mean amount spent by a customer at burger Stop is greater than the mean amount spent by a customer at Fry World. The results do samples of customer transactions for the two fast food restaurants are shown in the table. At 5% can you support the magazine's claim. Assume that population are normally distributed, and population variances are equal. Burger Stop Fry World 1 = $5.46 2 = $5.12 1 = $0.89 2 = $0. .79 1 = 22 2 = 30 a) Identify the claim and state null and alternative hypothesis. b) Find the standardized test statistic and corresponding critical value. c) At 5% significance level, decide whether to reject or fail to reject the null hypothesis. d) Interpret the decision in the context of the original claim.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started