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 the 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.

If the true mean for Saturday sales is now $4500, what is the probability of accepting the (false) null hypothesis in (a) above (the probability of not sharing the manager's concern due to lack of evidence)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920982

Have any Question? 


Related Questions in Statistics and Probability

Exam - probability and stochastic modelspart a -q1 twelve

Exam - Probability and Stochastic models Part A - Q1. Twelve recruits were subjected to a selection test to ascertain their suitability for a certain course of training. At the end of training there were given a proficie ...

Three different brands of pain relief medication are

Three different brands of pain relief medication are available for minor aches and pains. It is of interest to know whether the mean time to relieve the pain differs from brand to brand. To find out, twelve individuals w ...

Mimi joined umuc basketball team since summer 2016 on

Mimi joined UMUC basketball team since summer 2016. On average, she is able to score 30% of the field goals. Assume she tries 15 field goals in a game. (a) Let X be the number of field goals that Mimi scores in the game. ...

A shipment of 8 computers contains 2 with defects find the

A shipment of 8 computers contains 2 with defects. find the probability that a sample of size 4, drawn from the 8, will not contain a defective computer. What is the probability that a sample of 4 of the 8 computers will ...

The centers for disease control and prevention released a

The Centers for Disease Control and Prevention released a report in 1998 that attributed part of the increase in youth smoking in the 1980s to the use of the cartoon character, Joe Camel, in cigarette advertising. Using ...

Mechanics hardware needs to accumulate 41000 in 3 years to

Mechanic's Hardware needs to accumulate $41,000 in 3 years to purchase new equipment. What sinking fund payment would they need to make at the END of each month, at 6% interest compounded monthly? (Use Table 12-1 from yo ...

Given the following waiting time distribution in a hotel

Given the following waiting time distribution in a hotel, compute the  expected value  of the waiting time in 2 dec pl.    Waiting time (minutes) Probability 4.0            20% 4.5 28% 5.0 32% 5.5 10% 6.0 10%

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 ...

The price of a railroad car purchased by rio corporation

The price of a railroad car purchased by Rio Corporation was $78,600. Using the MACRS method, calculate the annual depreciation for year 3. (Round all dollar amounts to the nearest cent) $34,371.78 $19,249.14 $13,747.14 ...

Regression analysiscalculate then explaininterpret the

Regression analysis Calculate then explain/interpret the following 14 tasks/tests using the dependent variable (labeled Y)(Sales) and the independent variables (labeled X1 (Calls), X2 (Time), and X3(Years)). Attached is ...

  • 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