Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fast the answer pls 8. A company wants to determine if there is a significant increase in their daily average revenue after the implementation of

fast the answer pls

image text in transcribed
8. A company wants to determine if there is a significant increase in their daily average revenue after the implementation of an advertising blitz. The mean prior to the blitz was $500. From a sample of 16 days, the average revenue was determined to be $580. The standard deviation is known to $100. a) Write the related hypothesis for this test. b) Calculate the test statistic. c) Calculate the p-value. d) What is your conclusion based on your answer in (c)? e) Should the effect size be calculated? Why or why not? f) If yes to (e), calculate the effect size, explain what is means with regards to the scenario and state the size of the effect

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

More Books

Students also viewed these Mathematics questions

Question

Identify three ways in which rationalism differs from empiricism.

Answered: 1 week ago

Question

1. Build trust and share information with others.

Answered: 1 week ago