Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kavita has been assigned the task of studying the average customer receipt for a branch of a major restaurant chain. The average receipt for

image text in transcribed

Kavita has been assigned the task of studying the average customer receipt for a branch of a major restaurant chain. The average receipt for the chain is $72.00 with a standard deviation of $11.00. The branch she is studying has an average bill of $67.00 for the last 40 receipts. She needs to know if this falls below the chain's average. She will use a 19 level for significance because she does not want to inadvertently report the restaurants income as below average. Upper-Tail Values a 5% 2.5% 1% Critical z-values 1.65 1.96 2.58 Which choice depicts the result for Kavita's hypothesis test? She should reject Ho: = She should reject Ho: = 72 and accept Ha: H She should accept Ho: = 72 and reject Ha: 72 and accept Ha: < 72. 72. 72. She should reject Ha: < 72 but cannot accept Ho: = 72.

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

Statistical Reasoning For Everyday Life

Authors: Jeff Bennett, William Briggs, Mario Triola

5th Edition

9780134494043

More Books

Students also viewed these Mathematics questions

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 1 week ago