A grocery store has an average sales of $6,000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 100 days of sales was selected. It was found that the average was $6,550 per day. From past information, it is known that the standard deviation of the population is $1,500. Find the value of the test statistic. 0.037 O 0.367 3.67 36.67

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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A grocery store has an average sales of $6,000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 100 days of sales was selected. It was found that the average was $6,550 per day. From past information, it is known that the standard deviation of the population is $1,500. Find the value of the test statistic.

- 0.037
- 0.367
- 3.67
- 36.67
Transcribed Image Text:A grocery store has an average sales of $6,000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 100 days of sales was selected. It was found that the average was $6,550 per day. From past information, it is known that the standard deviation of the population is $1,500. Find the value of the test statistic. - 0.037 - 0.367 - 3.67 - 36.67
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