Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use Data7 file. At the 1% level, test to determine if the average quarterly revenue for Nordstorm is different from 11,000. Make sure to state
Use Data7 file.
At the 1% level, test to determine if the average quarterly revenue for Nordstorm is different from 11,000.
Make sure to state the hypotheses, p-value, your decision and how you made the decision (the criteria), and your conclusion.
Hypothesis:
H0: = 11,000
Ha: < 11,000
P-Value?
Criteria and Conclusion?
Date | Nordstorm Revenue | GDP |
6/30/92 | 951.6 | 6586.548 |
9/30/92 | 737.3 | 6697.553 |
12/31/92 | 1069.0 | 6748.182 |
3/31/93 | 695.6 | 6829.594 |
6/30/93 | 1018.0 | 6904.222 |
9/30/93 | 769.4 | 7032.844 |
12/31/93 | 1107.0 | 7136.259 |
3/31/94 | 762.1 | 7269.847 |
6/30/94 | 1080.0 | 7352.255 |
9/30/94 | 862.0 | 7476.661 |
12/30/94 | 1191.0 | 7545.296 |
3/31/95 | 815.6 | 7604.923 |
6/30/95 | 1149.0 | 7706.531 |
9/29/95 | 906.8 | 7799.493 |
12/29/95 | 1242.0 | 7893.146 |
3/31/96 | 906.0 | 8061.535 |
6/30/96 | 1242.0 | 8159.043 |
9/30/96 | 984.4 | 8287.078 |
12/31/96 | 1321.0 | 8402.060 |
3/31/97 | 953.7 | 8551.940 |
6/30/97 | 1353.0 | 8691.756 |
9/30/97 | 1090.0 | 8788.320 |
12/31/97 | 1455.0 | 8889.732 |
3/31/98 | 1040.0 | 8994.738 |
6/30/98 | 1447.0 | 9146.521 |
9/30/98 | 1094.0 | 9325.650 |
12/31/98 | 1467.0 | 9447.103 |
3/31/99 | 1039.0 | 9557.005 |
6/30/99 | 1443.0 | 9712.280 |
9/30/99 | 1110.0 | 9926.101 |
12/31/99 | 1557.0 | 10031.031 |
3/31/00 | 1153.0 | 10278.340 |
6/30/00 | 1457.0 | 10357.445 |
9/30/00 | 1262.0 | 10472.285 |
12/31/00 | 1656.0 | 10508.121 |
3/31/01 | 1218.0 | 10638.384 |
6/30/01 | 1546.0 | 10639.486 |
9/30/01 | 1239.0 | 10701.317 |
12/31/01 | 1631.0 | 10834.445 |
3/31/02 | 1246.0 | 10934.752 |
6/30/02 | 1656.0 | 11037.057 |
9/30/02 | 1323.0 | 11103.834 |
12/31/02 | 1720.0 | 11230.078 |
3/31/03 | 1335.0 | 11370.653 |
6/30/03 | 1785.0 | 11625.137 |
9/30/03 | 1409.0 | 11816.827 |
12/31/03 | 1919.0 | 11988.403 |
3/31/04 | 1535.0 | 12181.398 |
6/30/04 | 1953.0 | 12367.744 |
9/30/04 | 1542.0 | 12562.163 |
12/31/04 | 2100.0 | 12813.729 |
3/31/05 | 1654.0 | 12974.083 |
6/30/05 | 2106.0 | 13205.445 |
9/30/05 | 1666.0 | 13381.629 |
12/31/05 | 2296.0 | 13648.904 |
3/31/06 | 1787.0 | 13799.794 |
6/30/06 | 2270.0 | 13908.498 |
9/30/06 | 1872.0 | 14066.370 |
12/31/06 | 2631.0 | 14233.226 |
3/31/07 | 1954.0 | 14422.313 |
6/30/07 | 2390.0 | 14569.675 |
9/30/07 | 1970.0 | 14685.330 |
12/31/07 | 2514.0 | 14668.445 |
3/31/08 | 1949.0 | 14812.974 |
6/30/08 | 2359.0 | 14842.983 |
9/30/08 | 1879.0 | 14549.949 |
12/31/08 | 2386.0 | 14383.885 |
3/31/09 | 1792.0 | 14340.417 |
6/30/09 | 2232.0 | 14384.145 |
9/30/09 | 1963.0 | 14566.511 |
12/31/09 | 2640.0 | 14681.063 |
3/31/10 | 2087.0 | 14888.600 |
6/30/10 | 2515.0 | 15057.660 |
9/30/10 | 2182.0 | 15230.208 |
12/31/10 | 2916.0 | 15238.371 |
3/31/11 | 2323.0 | 15460.926 |
6/30/11 | 2810.0 | 15587.125 |
9/30/11 | 2478.0 | 15785.312 |
12/31/11 | 3249.0 | 15973.881 |
3/31/12 | 2625.0 | 16121.851 |
6/30/12 | 3006.0 | 16227.939 |
9/30/12 | 2805.0 | 16297.349 |
12/31/12 | 3698.0 | 16475.440 |
3/31/13 | 2749.0 | 16541.390 |
6/30/13 | 3196.0 | 16749.349 |
9/30/13 | 2884.0 | 16999.888 |
12/31/13 | 3711.0 | 17031.324 |
3/31/14 | 2931.0 | 17320.921 |
6/30/14 | 3392.0 | 17622.257 |
9/30/14 | 3140.0 | 17735.933 |
12/31/14 | 4043.0 | 17874.715 |
3/31/15 | 3215.0 | 18093.224 |
6/30/15 | 3701.0 | 18227.689 |
9/30/15 | 3328.0 | 18287.226 |
12/31/15 | 4193.0 | 18325.187 |
3/31/16 | 3249.0 | 18538.039 |
6/30/16 | 3651.0 | 18729.130 |
9/30/16 | 3542.0 | 18905.545 |
12/31/16 | 4316.0 | 19057.705 |
3/31/17 | 3354.0 | 19250.009 |
6/30/17 | 3793.0 | 19508.986 |
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