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

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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
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