Question
MoonDoe Caf is a large chain with more than 2600 coffee shops worldwide. They have recently started their operations in India with 100 coffee shops.
MoonDoe Caf is a large chain with more than 2600 coffee shops worldwide. They
have recently started their operations in India with 100 coffee shops. MoonDoe Caf
was launched as a Premium coffee shop in India, in contrast to their branding in USA
where they are considered a regular coffee shop. The management wants to figure
out how this change in branding in India affects their revenue.in order to perform this
analysis, weekly sales data from 25 different coffee shops in India was collected
during a period of three months. See the average weekly sales per customer per
coffee shop in the table below. You have been hired to review this data. Your first
task it to create 90% confidence interval for the mean of the dataset using the
sample collected from India.
You have been hired to review this data. Your first task it to create 90% confidence
interval for the mean of the dataset using the sample collected from India.
What is the upper limit of this confidence interval?
Write the answer as a number with at least four decimals.
Part 1
What is the lower limit of this confidence interval?
Write the answer as a number with at least four decimals.
Part 2.
Based on the sample data that you are given, calculate the prediction interval at a
90% confidence level.
What is the upper limit of this prediction interval?
Write the answer as a number with at least four decimals.
What is the lower limit of this prediction interval?
Write the answer as a number with at least four decimals.
Part 3.
The management is curious to know whether the premium branding in India worked
or not. They want you to test if the weekly sales per customer at the Indian coffee
shops is greater than their global weekly sales per customer with a confidence level
of 99%.
You know the global average weekly sales per customer for MoonDoe coffee shops
is $9.25 (this would be the population mean). Therefore, you are going to conduct
the following hypothesis test:
H 0 : Average weekly sales in India are not greater than the population mean at a
confidence level of 99%
H 1 : Average weekly sales in India are greater than the population mean at a
confidence level of 99%
Would you reject your H 0 ?
Choose the correct answer.
Reject H0: You are 99% confident that the MoonDoe coffee shops in India have
sales greater than population mean. correct
Fail to Reject H0: You are not 99% confident that the MoonDoe coffee shops in India
have sales greater than population mean.
Accept H0: Sales from MoonDoe cafe in India are not greater than the population
mean at the 99% confidence level.
What is the p-value for this hypothesis test ?
Write the answer as a number with at least four decimals. If your answer is less than .0001 then enter 0.
Please show me all steps solving the above Q
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