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A recent survey reported that small businesses spend 2 2 hours a week marketing their business. A local chamber of commerce claims that small businesses
A recent survey reported that small businesses spend
hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than
hours a week on marketing. The chamber conducts a survey of
small businesses within their state and finds that the average amount of time spent on marketing is
hours a week. Assuming that the population standard deviation is
hours, is there sufficient evidence to support the chamber of commerces claim at the
level of significance?
Step of : Draw a conclusion and interpret the decision.
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