Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Fast N' Hot food chain wants to test if their Buy One, Get One Free program increases customer traffic enough to support the cost

The Fast N' Hot food chain wants to test if their "Buy One, Get One Free" program increases customer traffic enough to support the cost of the program. For each of 15 stores, one day is selected at random to record customer traffic with the program in effect, and one day is selected at random to record customer traffic with program not in effect. The results of the experiment are documented in DATA. For each store, compute difference = traffic with program minus traffic without program. At = 0.05, test the hypothesis that the mean difference is at most 0 (at best the program makes no difference, or worse it decreases traffic) against the alternative that the mean difference > 0 (the program increases traffic).

  • The pvalue of 0.084 provides weak evidence against H0. H0 is not rejected at = 0.05. You decide the evidence is not strong enough to recommend further evaluation of the program.
  • None of the answers are correct.
  • The pvalue of 0.221 indicates that the data provide insignificant evidence against H0. H0 is not rejected at = 0.05. You decide to conclude the study and not to recommend the program.
  • The pvalue of 0.002 provides overwhelming evidence against H0. H0 is rejected at = 0.05. You decide that the program results in increased customer traffic, overall, and recommend the program be implemented.
  • The pvalue rejects H0: Mean difference > 0.
  • The pvalue of 0.033 provides strong evidence against H0. H0 is rejected at = 0.05. You decide to recommend further evaluation of the program.

Customer Traffic

With Program 144 236 108 43 337 134 148 30 181 146 159 248 150 54 349

Without Program 140 233 110 42 332 135 151 33 178 147 162 243 149 48 346

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

Theory And Applications Of Partial Functional Differential Equations

Authors: Abrar A Khan

1st Edition

9353141915, 9789353141912

More Books

Students also viewed these Mathematics questions

Question

How can emotions cause communication breakdown?

Answered: 1 week ago

Question

Discuss the steps in the development planning process. page 399

Answered: 1 week ago

Question

Identify the cause of a performance problem. page 380

Answered: 1 week ago