Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Applied Statistics Expert

Use the "Project 2 data" data set. You may use Excel to help you with the statistical analysis.

Abstract: A supermarket chain wants to know if their "buy one, get one free" campaign increases customer traffic enough to justify the cost of the program.

For each of 10 stores they select two days at random to run the test. For one of those days (selected by a coin flip), the program will be in effect.

They want to determine whether the program increases the mean traffic.

The results in number of customer visits to the 10 stores are in the data set.

Answer each of the questions below using hypothesis testing. Follow the seven-step procedure for testing a hypothesis in your text book as a guide for answering the questions. Use a .05 significance level.

Previous data suggests mean store traffic is 145. Is the mean traffic without the program different from 145?

Is the mean traffic with the program greater than 145?

Did the program increase store traffic? Use a pooled t-test.

Did the program increase store traffic? Use a paired difference t-test.

Turn in your findings as described below. Generally the report will be graded for clarity (how easy it is to understand you),

completeness (no significant gaps in the information provided) and correctness (the values and descriptions are correct). The report will

also be graded on adherence to the report standard. The report will be structured as follows

Section 1: For each question, provide

The null hypothesis

The alternate hypothesis

The test statistic chosen (including which test)

The critical value and decision rule

The P-value

Your findings

Section 2:

Questions 3 and 4 ask for two different approaches to the same question.

The results differ. Write a paragraph describing which approach is the most appropriate.

You should end with a clear (yes-no) conclusion to the question.

Previous data suggests mean store traffic is 145. Is the mean traffic without the program different from 145?

H?: µ=145 Versus H?: µ≠145

Applied Statistics, Statistics

  • Category:- Applied Statistics
  • Reference No.:- M91596727
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Applied Statistics

Applied statistics - regression assignmentin this

Applied Statistics - Regression Assignment In this assignment you are expected to set up a regression equation, run that regression and interpret and evaluate the results. You will need to carefully state all null hypoth ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Business analytics and statistics research reportthis

Business Analytics and Statistics Research Report This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in presentat ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions 1 31,920 2 25,120 3 30,350 4 24,650 5 30, ...

Business analytics and statistics research report -this

Business Analytics and Statistics Research Report - This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in present ...

Analysis - comparing group means background and objectives

Analysis - Comparing group means Background and objectives - The balance_FALL17.xlsx dataset represents data from a fictitious study that explores the impact of two different interventions designed to help elderly client ...

Business analytics and statistics research report -this

Business Analytics and Statistics Research Report - This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in present ...

Go to the institute for healthcare improvement ihi website

Go to the Institute for Healthcare Improvement (IHI) website for their Improvement Map (URL located in the Webliography). Select an improvement process of your choice. Present at least 3 quality paragraphs to the class a ...

Question 1 for the prostate data set fit a model with lpsa

Question 1. For the prostate data set, fit a model with lpsa as the response, and the other variables as predictors. (a) Suppose a new patient with the following values arrives: lcavol = 1.45000, lweight = 3.59801, age = ...

Question - go to the website national quality forum nqf

Question - Go to the website, National Quality Forum (NQF), located in the Webliography, and download the article by WIRED FOR QUALITY: The Intersection of Health IT and Healthcare Quality, Number 8, MARCH 2008. You are ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As