11. The product manager wants to study if Dairy Queen in Ohio makes more profit than the overall DQ stores in the U.S. Assume that it is known that the average DQ in the U.S. makes a profit of 200,000,000 dollars annually, with a standard deviation of 1,000,000 dollars. Based on the Central Limit Theorem, if the product manager wants to sample 50 DQ stores in Ohio sampling distribution of the means, he would expect:

1. The mean of the sampling distribution of the means for annual profits to

be_________.

1. The standard error of the sampling distribution of the means to be _____________.

12. Fill in the blanks with the correct decision, Type I error, and Type II error. Also include the

probability of each cell. Which cell is power?

True state of the world

Decision Null is true Null is false

Reject null _________ _________

Failed to reject null _________ _________