Question
You are the product manager for Carls ice cream. The company president asked you to determine if Carls ice cream has equal sales as Ole
You are the product manager for Carls ice cream. The company president asked you to determine if Carls ice cream has equal sales as Ole ice cream, which is a strong competitor. The table below contains weekly sales for competing brands for randomly selected 4 approximately equal size stores that did not follow a normal distribution.
(Use two digits after deimal point)
Carl's Sales | Ole Sales |
1500 | 2000 |
1700 | 2500 |
1800 | 2500 |
1700 | 2300 |
a. Is there a difference between mean sales at =5%?
H0: AnswerMean sales are equalMean sales are not equal
H1: AnswerMean sales are equalMean sales are not equal
Since test statistic = Answer is Answerlargersmaller than critical value = Answer, we Answerreject H0do not reject H0 and Answeraccept H1do not accept H1. Therefore mean sales are Answerassumed to be equalnot equal.
b. Can it be concluded at 5% significance level that the population median sales for Carl's ice cream exceeds 1600?
H0: AnswerMedian = 1600Median 1600Median 1600
H1: AnswerMedian 1600Median > 1600Median < 1600
test statistic = Answer
Since =0.05 is Answerlargersmaller than the p-value = Answer, we Answerreject H0do not reject H0 and Answeraccept H1do not accept H1. There is Answersufficientlinsufficient evidence to conclude that median sales for Carl's ice cream is Answerlarger thansmaller thanequal to 1600.
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