Question
PART A: A marketing research analyst has collected data from a random sample of 100 customers who have purchased a particular coupon special. The 100
PART A:
A marketing research analyst has collected data from a random sample of 100 customers who have purchased a particular "coupon special." The 100 people spent an average of $24.57 in the store with a standard deviation of $6.60. Before performing this sampling the marketing manager claimed that average purchase by those responding to the coupon offer would be at least $25.00. What is the test z value to two places and can the manager's hypothesis (the null hypothesis) be rejected at the 5% significance level?
Question Options:
0.75, reject
-0.75, reject
-1.65, reject
1.65, do not reject
-0.65, do not reject
0.65, do not reject
PARTB:
How many tails are involved in the determination of the critical z value in the marketing research problem?
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