Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A fast-food franchiser is considering building a restaurant at a certain location Based on financial analyses a site is acceptable only if the number of

A fast-food franchiser is considering building a restaurant at a certain location Based on financial analyses a site is acceptable only if the number of pedestrians passing the location averages more than 100 per hour.The number of pedestrians for each of 40 hours was recorded and revealed an average of 106.Assume the population standard deviation is known to be 12. a) Can we conclude at the 5% significance level that the site is acceptable? b) What is the p-value of the test

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

Calculus Early Transcendentals Early Transcendentals

Authors: Dennis G Zill, Warren S Wright

4th Edition

0763797375, 9780763797379

More Books

Students also viewed these Mathematics questions

Question

The quality of the argumentation

Answered: 1 week ago