Question
The CVS Pharmacy located on US 17 in Murrells Inlet has been one of the busiest pharmaceutical retail stores in South Carolina for many years.
The CVS Pharmacy located on US 17 in Murrells Inlet has been one of the busiest pharmaceutical retail stores in South Carolina for many years. To try and capture more business in the area, CVS top management opened another store about 6 miles west on SC 707. After a few months, CVS management decided to compare the business volume at the two stores. One way to measure business volume is to count the number of cars in the store parking lots on random days and times. The results of the survey from the last 3 months of the year are reported below. To explain, the first observation was on October 2 at 20:52 military time (8:52 p.m.). At that time there were four cars in the US 17 lot and nine cars in the SC 707 lot. At the .05 significance level, is it reasonable to conclude that, based on vehicle counts, the US 17 store has more business volume than the SC 707 store? |
Vehicles Count | ||||
Date | Time | US 17 | SC 707 | |
Oct 2 | 20:52 | 4 | 9 | |
Oct 11 | 19:30 | 5 | 7 | |
Oct 15 | 22:08 | 9 | 12 | |
Oct 19 | 11:42 | 4 | 5 | |
Oct 25 | 15:32 | 10 | 8 | |
Oct 26 | 11:02 | 9 | 15 | |
Nov 3 | 11:22 | 13 | 7 | |
Nov 5 | 19:09 | 20 | 3 | |
Nov 8 | 15:10 | 15 | 14 | |
Nov 9 | 13:18 | 15 | 11 | |
Nov 15 | 22:38 | 13 | 11 | |
Nov 17 | 18:46 | 16 | 12 | |
Nov 21 | 15:44 | 17 | 8 | |
Nov 22 | 15.34 | 15 | 3 | |
Nov 27 | 21:42 | 20 | 6 | |
Nov 29 | 9:57 | 17 | 13 | |
Nov 30 | 17:58 | 5 | 9 | |
Dec 3 | 19:54 | 7 | 13 | |
Dec 15 | 18:20 | 11 | 6 | |
Dec 16 | 18:25 | 14 | 15 | |
Dec 17 | 11:08 | 8 | 8 | |
Dec 22 | 21:20 | 10 | 3 | |
Dec 24 | 15:21 | 4 | 6 | |
Dec 25 | 20:21 | 7 | 9 | |
Dec 30 | 14:25 | 19 | 4 |
Click here for the Excel Data File |
1. | State the decision rule:H0: d 0;H1: d> 0.(Round your answer to 3 decimal places.) |
RejectH0ift> |
2. | Compute the value of the test statistic.(Round your answer to 3 decimal places.) |
Value of the test statistic |
3. | What is your decision regardingH0? | ||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started