Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9.28 The file Fastfood contains the amount that a sample of nine customers spent for lunch ($) at a fast-food restaurant: 4.20 5.03 5.86 6.45

image text in transcribed
9.28 The file Fastfood contains the amount that a sample of nine customers spent for lunch ($) at a fast-food restaurant: 4.20 5.03 5.86 6.45 7.38 7.54 8.46 8.47 9.87 a. At the 0.05 level of significance, is there evidence that the mean amount spent for lunch is different from $6.50? b. Determine the p-value in (a) and interpret its meaning. c. What assumption must you make about the population distribution in order to conduct the 1 test in (a) and (b)? d. Because the sample size is 9, do you need to be con- cerned about the shape of the population distribution when conducting the t test in (a)? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

=+ Describe the components. Which month was left out? Why?

Answered: 1 week ago