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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
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