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Question 27 An ice cream maker has developed a new flavor of chocolate ice cream (Chocolate Sunset) to replace its traditional chocolate flavor. Because of
Question 27 An ice cream maker has developed a new flavor of chocolate ice cream (Chocolate Sunset) to replace its traditional chocolate flavor. Because of additional manufacturing costs, the company does not want to make the replacement unless Chocolate Sunset's sales exceed the traditional flavor by an average of $1,000 per day per store with a significance level of 1%. The company decides to conduct a hypothesis test by test- marketing Chocolate Sunset in select stores and statistically measuring the results versus the performance of its traditional chocolate ice cream over the same period of time. Which of the following statements is NOT true? A. The appropriate null and alternative hypotheses are: Ho uchocolate Sunset-utraditional chocolate $1,000 per day per location and Ha: colate sunset- utraditional chocolate $1,000 per day per location O B. This hypothesis test is an example of a right-tailed hypothesis test. C. If the probability value (p-value) is 4%, the company will reject the null hypothesis and accept the alternative hypothesis that the level of Chocolate Sunset sales will exceed traditional chocolate sales by an average of $1,000 per day per location. O D. This is an example of a hypothesis test on the difference in two population means Choose the correct option Test Menu C Copvight 2017 SS&C Tech All rights reserved ing
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