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A supermarket chain wants to know if its Extra Air Miles Points Day campaign would increases revenue enough tojustify the cost of the campaign. The
A supermarket chain wants to know if its "Extra Air Miles Points Day" campaign would increases revenue enough tojustify the cost of the campaign. The manager will consider implementing this campaign if they are able to generate more than $5,000 in additional revenue per day. For each of the 30 selected stores, they chose two week days at random to run a test. For one of those days, the campaign was in effect and for the other day, it was not. The manager found that there was an average increase of $5,458 in revenue for the day with the campaign compared to the day without the campaign. The standard deviation of differences was $1,320. Use alpha=0.05 to test whether the test supports the implementation of the \"Extra Air Miles Points Day" campaign. Note: The above information is applicable to all questions below. Select to correct pair of Null and Alternative Hypotheses. O a. H6111 [1225000 HA: p1 - p2 > 5,000 O b. Hg: pd: 0 HA: pd > 0 O C- Hail11' \"2:0 HA: \"1' H2 > '3 0 d. Hg: pd: 0 HA: pd: 0 0 e. H0: pd: 5,000 HA: pd at 5,000 O r. Hg: pd: 5,000 HA: pd > 5,000 0 g. Hg: p1 p225,000 HA: p1 p2 at 5,000 Calculate the value of the test statistic {Express your answer in 4 decimal places) Answer: Compute the p-value. Express your answer in 4 decimal places. Answer: Select the correct decision O a. p-value is larger than 0.05, reject the null hupothesis O b. p-value is smaller than 0.05, reject the null hupothesis O c. p-value is smaller than 0.05, fail to reject the null hupothesis O d. p-value is larger than 0.05, fail to reject the null hupothesisSelect the correct conclusion: O a. Yes, there is enough evidence to conclude that the test supports the implementation of the "Extra Air Miles Points Day" campaign at the 5% level of significance. O b. No, there is not enough evidence to conclude that the test supports the implementation of the "Extra Air Miles Points Day" campaign at the 5% level of significance
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