After observing that the average daily sale was only 12 units alongside with standard deviation of 4 units, the Agricultural Technology's store manager decided to take on a new marketing strategy. Daily sales under the new marketing strategy were recorded for 25 days after which period the average was found to be 15 units. Utilizing a 0.05 level of significance, test the claim that the new marketing strategy increased the daily sales.
After observing that the average daily sale was only 12 units alongside with standard deviation of 4 units, the Agricultural Technology's store manager decided to take on a new marketing strategy. Daily sales under the new marketing strategy were recorded for 25 days after which period the average was found to be 15 units. Utilizing a 0.05 level of significance, test the claim that the new marketing strategy increased the daily sales.
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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determine the null & alternative hypothesis + claim. as well as the test statistic and the tail of the distibution.
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