A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package.  Sales recorded in a 32-day period for the old package and a 30-day period for the new package were as follows:

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ISBN:9781119256830
Author:Amos Gilat
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A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package.  Sales recorded in a 32-day period for the old package and a 30-day period for the new package were as follows:

ADVANCED STATISTICS
ASSIGNMENT #2 PROBLEM
A market research study hopes to determine if the average sales of house
entertainment units will increase in a test market with the introduction of a new
package. Sales recorded in a 32-day period for the old package and a 30-day period
for the new package were as follows:
OLD PACKAGE
NEW PACKAGE
(no. of units sold/day)
(no. of units sold/day
33
72
54
64
49
46
42
49
45
39
54
51
72
33
64
45
51
29
50
40
42
11
39
51
54
54
51
46
49
49
49
40
45
45
32
11
64
64
49
72
39
39
29
29
51
40
42
42
50
'2
33
33
49
60
65
What can be concluded at 2.5% significance level? Use the Ten Step Process.
1. Ho:
2. На:.
3. Туре of Test:.
4. Level of Significance:_
5. Test Statistic:
6. Formula:
7. Computed Value:
8. Tabular Value:
9. Decision:
10. Conclusion:
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51
32
50
32
40
51
Transcribed Image Text:ADVANCED STATISTICS ASSIGNMENT #2 PROBLEM A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package. Sales recorded in a 32-day period for the old package and a 30-day period for the new package were as follows: OLD PACKAGE NEW PACKAGE (no. of units sold/day) (no. of units sold/day 33 72 54 64 49 46 42 49 45 39 54 51 72 33 64 45 51 29 50 40 42 11 39 51 54 54 51 46 49 49 49 40 45 45 32 11 64 64 49 72 39 39 29 29 51 40 42 42 50 '2 33 33 49 60 65 What can be concluded at 2.5% significance level? Use the Ten Step Process. 1. Ho: 2. На:. 3. Туре of Test:. 4. Level of Significance:_ 5. Test Statistic: 6. Formula: 7. Computed Value: 8. Tabular Value: 9. Decision: 10. Conclusion: Powered by WPS Office 51 32 50 32 40 51
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