Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information The Newtown White Coffee has two locations in Ipoh and, believing that it has oversaturated the market for its food, is considering closing one

Information

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
The Newtown White Coffee has two locations in Ipoh and, believing that it has oversaturated the market for its food, is considering closing one of the restaurants. The manager of the restaurant in Ipoh Timur claims that his restaurant generates more revenue than the sister restaurant in Ipoh Barat. The CEO of this company, wishing to test this claim, randomly selects 48 monthly revenue totals for each restaurant. The revenue data from the restaurant in Ipoh Timur have a mean of RM1, 400,000 and a standard deviation of RM150,000, while the data from the restaurant in Ipoh Barat have a mean of RM1,340,000 and a standard deviation of RM140,000. Assume there is no reason to believe the population standard deviations are equal, and let u. and u, denote the mean monthly revenue of the restaurant in Ipoh Timur and the restaurant in Ipoh Barat, respectively.Which of the following is the correct value of the test statistic to analyze the claim? A. t48 = 2.8874 B. tig = 2.0260 C. tga = 2.0260 D. tog = 2.8874Which of the following hypotheses should be used to test the manager's claim? A. Ho: th - 12 5 0, H4: 1 - 12 20 B. Ho: H - 12 2 0, HA : 14 - 12 60 C. Ho: lly - U2 = 0, HA : (1 - 12 = 0 D. Hq: - 12 2 0, 14:4 12 50Which of the following is the appropriate critical value to test the manager's claim at the 5% significance level? A. 1.291 B. 1.661 C. 1.986 D. 2.367At the 59% significance level, does the evidence support the manager's claim? A. No, because the test statistic value is less than the critical value. B. Yes, because the test statistic value is less than the critical value. C. No, because the test statistic value is greater than the critical value. D. Yes, because the test statistic value is greater than the critical value

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

Advanced Calculus

Authors: R Creighton Buck

3rd Edition

147861613X, 9781478616139

More Books

Students also viewed these Mathematics questions