A fast-food franchiser is considering building a restaurant at a certain location. According to a financial analysis, a site is acceptable only if the number of pedestrians passing the location averages more than 100 per hour. A random sample of 50 hours produced a mean of 110 and a standard deviation of 12 pedestrians per hour. Do these data provide sufficient evidence to establish that the site is acceptable? Use a = 0.05.

A fast-food franchiser is considering building a restaurant at a certain location. According to a financial analysis, a site is acceptable only if the number of pedestrians passing the location averages more than 100 per hour. A random sample of 50 hours produced a mean of 110 and a standard deviation of 12 pedestrians per hour. Do these data provide sufficient evidence to establish that the site is acceptable? Use a = 0.05.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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2. A fast-food franchiser is considering building a restaurant at a certain location. According to
a financial analysis, a site is acceptable only if the number of pedestrians passing the location
averages more than 100 per hour. A random sample of 50 hours produced a mean of 110 and a
standard deviation of 12 pedestrians per hour.
Do these data provide sufficient evidence to establish that the site is acceptable? Use a=0.05.

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