Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A district sales manager wishes to determine whether there is a difference in mean daily sales volume between two stores in his district. He collects
A district sales manager wishes to determine whether there is a difference in mean daily sales volume between two stores in his district. He collects daily sales volume for the month of June to do the analysis. Assume that the population standard deviations are unknown and unequal. The hypothesis test is to be conducted using the 0.01 level of significance. Partial output of his results from Excel can be found in the table below: Store 1 Stc Sample size (n) 45 45 Sample mean daily sales volume (in $1,000) 30 34 Sample standard deviation (in $1,000) 5.2 6.1 Degrees of freedom 88 What is the value of the test statistic? O-3.348 +1.345 + 3.282 -3.010
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