A restaurant chain has two locations in a medium-sized town and, believing that it has oversaturated the market for its food, is considering closing one of the restaurants. The manager of the restaurant with a downtown location claims that his restaurant generates more revenue than the sister restaurant by the freeway. The CEO of this company, wishing to test this claim, randomly selects 18 monthly revenue totals for each restaurant. The revenue data from the downtown restaurant have a mean of $364,000 and a standard deviation of $40,000, while the data from the restaurant by the freeway have a mean of $350,000 and a standard deviation of $41,000. Assume there i no reason to believe the population standard deviations are equal, and let uj and u2 denote the mean monthly revenue of the downtown restaurant and the restaurant by the freeway, respectively. Which of the following is the correct value of the test statistic to analyze the claim? Multiple Choice t33 = 1.011 t33 = 1.037 t31 = 1.037

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
A restaurant chain has two locations in a medium-sized town and, believing that it has oversaturated the market for its food, is considering closing one of
the restaurants. The manager of the restaurant with a downtown location claims that his restaurant generates more revenue than the sister restaurant by
the freeway. The CEO of this company, wishing to test this claim, randomly selects 18 monthly revenue totals for each restaurant. The revenue data from
the downtown restaurant have a mean of $364,000 and a standard deviation of $40,000, while the data from the restaurant by the freeway have a mean
of $350,000 and a standard deviation of $41,000. Assume there is no reason to believe the population standard deviations are equal, and let µ1 and u2
denote the mean monthly revenue of the downtown restaurant and the restaurant by the freeway, respectively. Which of the following is the correct
value of the test statistic to analyze the claim?
Multiple Choice
t33 = 1.011
t33 = 1.037
t31 = 1.037
Transcribed Image Text:A restaurant chain has two locations in a medium-sized town and, believing that it has oversaturated the market for its food, is considering closing one of the restaurants. The manager of the restaurant with a downtown location claims that his restaurant generates more revenue than the sister restaurant by the freeway. The CEO of this company, wishing to test this claim, randomly selects 18 monthly revenue totals for each restaurant. The revenue data from the downtown restaurant have a mean of $364,000 and a standard deviation of $40,000, while the data from the restaurant by the freeway have a mean of $350,000 and a standard deviation of $41,000. Assume there is no reason to believe the population standard deviations are equal, and let µ1 and u2 denote the mean monthly revenue of the downtown restaurant and the restaurant by the freeway, respectively. Which of the following is the correct value of the test statistic to analyze the claim? Multiple Choice t33 = 1.011 t33 = 1.037 t31 = 1.037
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman