Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

quality assurance question 3 QUESTION 3 [17] - GA2 (17 Interpretation of data). Moir recently launched a new-flavoured pudding. The marketing manager now wants to

quality assurance
question 3
image text in transcribed
QUESTION 3 [17] - GA2 (17 Interpretation of data). Moir recently launched a new-flavoured pudding. The marketing manager now wants to assess the product's success in the marketplace. If average sales per week are less than R5 500 per outlet, the product will be withdrawn. The results from a sample of 18 supermarket outlets countrywide showed that average sales per week were R5275, with a sample standard deviation of R788. Assume weekly sales are normally distributed. Advise the new marketing manager if the new pudding flavour should be withdrawn or not? (a) Formulate the null and alternative hypothesis. (b) Perform a hypothesis test for a single mean at the 10% level of significance. (c) What statistical and management conclusions can be drawn? (9) (4)

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

Financial Accounting

Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington

9th Edition

0070434360, 978-0070434363

More Books

Students also viewed these Accounting questions