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According to BIGresearch, holiday shoppers spent an average of $373 over the Thanksgiving weekend in 2008. The following data show the amount spent by a
According to BIGresearch, holiday shoppers spent an average of $373 over the Thanksgiving weekend in 2008. The following data show the amount spent by a random sample of holiday shoppers during the same weekend in 2009:
$427
$274
$370
$238
$222
$215
$360
$434
$387
$395
$323
$63
$415
$429
$377
$279
Retailers were concerned that the recent economic downturn was going to affect holiday sales.
Assuming sales are normally distributed, at the 5% alpha level is there evidence to support these concerns? Explain your answer.
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