Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Formulating null and alternative hypothesis to test the claim averaging about $5000.

A Wendy's franchise has been averaging about $5000 worth of business on a typical Saturday with a standard deviation of σ = $500.  The manager is concerned that sales are slipping, after taking into account the average value of sales for four consecutive Saturdays being $4800. 

What have to the level of significance been to arrive at a conclusion?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920981

Have any Question? 


Related Questions in Statistics and Probability

Assume that you want to construct a 95 confidence interval

Assume that you want to construct a 95% confidence interval estimate of a population mean. Find an estimate of the sample size needed to obtain the specified margin of error for the 95% confidence interval. The sample st ...

The percentage of people with advanced degrees is 165 on

The percentage of people with advanced degrees is 16.5% on average if 1000 people are randomly selected what is the probability that the percentage of these poeple with advanced degrees is between 17% and 18.5%?

The following data represents a random sample of number of

The following data represents a random sample of number of shares of a pharmaceutical company's stock traded for 20 days in 2000. 3.99 8.91 10.41 7.53 13.85 5.3 9.7 8.95 12.11 13.26 4.25 8.55 11.6 6.76 27.55 7.72 10.15 4 ...

1 consider the circumstances under which a

1. Consider the circumstances under which a repeated-measures experimental research design, rather than a between-participants experimental design, might be more or less appropriate. 2. Explain what counterbalancing refe ...

Risk taking is an important part of investing in order to

Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financi ...

The mixed methods approachthrough your work in this unit

The Mixed Methods Approach Through your work in this unit, you have come to understand just how different quantitative and qualitative decision-making techniques are. Perhaps that is why a mixed methods decision-making t ...

There are 1000 students in a high school among the 1000

There are 1000 students in a high school. Among the 1000 students, 150 students take AP Statistics, and 300 students take AP French. 100 students take both AP courses. Let S be the event that a randomly selected student ...

Statistics paperthe final paper provides you with an

STATISTICS Paper The Final Paper provides you with an opportunity to integrate and reflect on what you have learned during the class. The question to address is: "What have you learned about statistics?" In developing yo ...

Using the standard normal distribution tables what is the

Using the standard normal distribution tables, what is the area under the standard normal curve corresponding to Z

1 prove that every complete irreflexive and transitive

1. Prove that every complete, irreflexive, and transitive relation is asymmetric: if x ≠ y, then x > y if and only if y x. 2. Prove that the Gale-Shapley algorithm for finding a stable matching satisfies the following pr ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen