Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. The sales of a Gnagey's Groceries average $8,000 per day. Gnagey introduced several advertising campaigns in order to increase sales. To determine whether or

18.

The sales of a Gnagey's Groceries average $8,000 per day. Gnagey introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 55 days of sales was selected. It was found that the average was $8,240 per day with a sample standard deviation of $1,221. The null hypothesis is to be tested at 0.01 significance level.

The critical value is

(round the final answer to two decimal places, e.g. 2.57)

(There are two answers that will be accepted as correct for this question)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Statistics With Applications In R

Authors: Chris P. Tsokos, K.M. Ramachandran

2nd Edition

124171133, 978-0124171138

Students also viewed these Mathematics questions