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 that the Wendy's franchise has been 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 should the level of significance be to arrive at a conclusion that would be the opposite of the one you have arrived?

Based on the sample findings, estimate the true mean of Saturday sales with 90 percent probability.

If the true mean for Saturday sales is now $4500, what is the possibility of accepting the (false) null hypothesis?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921041

Have any Question? 


Related Questions in Statistics and Probability

Consider a normal population with mu 47 and sigma 6

Consider a normal population with μ = 47 and σ = 6. Calculate the z-score for an x of 46.3 from a sample of size 26. (Give your answer correct to two decimal places.

1 how does the sample size influence the extent to which

1. How does the sample size influence the extent to which the sample data can be used to accurately estimate population parameters? 2. What statistics are used to indicate how accurately the sample data can predict popul ...

The following electoral method is used to choose the mayor

The following electoral method is used to choose the mayor of Whoville: Every resident ranks the candidates from most preferred to least preferred, and places this ranked list in a ballot box. Each candidate receives a n ...

A researcher collected sample data for women ages to the

A researcher collected sample data for women ages to. The sample had a mean serum cholesterol level (measured in mg/100 mL) of , with a standard deviation of. Assuming that serum cholesterol levels for women ages to are ...

A family is relocating from st louis missouri to california

A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is o ...

1 what advantage do experiments have over descriptive and

1. What advantage do experiments have over descriptive and correlational studies? 2. A well-designed experiment possesses what three characteristics? 3. Distinguish between qualitative and quantitative levels of an indep ...

The mean monthly car payment for 123 residents of the local

The mean monthly car payment for 123 residents of the local apartment complex is $624. What is the best point estimate for the mean monthly car payment for all residents of the local apartment complex?

A caterer is competing for a companys business the caterer

A caterer is competing for a company's business. The caterer randomly selects a past client and submits a tasting menu consisting of all the dishes prepared for the past client. What type of sample is this? A college fac ...

In a recent survey of high school seniors a random sample

In a recent survey of high school seniors, a random sample of 1000 females showed that 650 were planning on pursuing a college degree, while a random sample of 1000 females showed that 600 were planning on pursuing a col ...

Find the indicated area under the standard normal curve to

Find the indicated area under the standard normal curve. To the left of z= - 1.96 The area to the left of z = -1.96 under the standard normal curve is __.(Round to four decimal places as needed.)

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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