Before the furniture store began its ad campaign, it averaged 242 customers per day. The manager is investigating if the average is larger since the ad came out. The data for the 12 randomly selected days since the ad campaign began is shown below: 246, 261, 265, 253, 238, 267, 225, 272, 254, 259, 228, 255Assuming that the distribution is normal, what can be concluded at the αα = 0.05 level of significance?For this study, we should use The null and alternative hypotheses would be: H0:H0: H1:H1: The test statistic = (please show your answer to 3 decimal places.)The p-value = (Please show your answer to 4 decimal places.)The p-value is ααBased on this, we should the null hypothesis.Thus, the final conclusion is that ...The data suggest that the population mean number of customers since the ad campaign began is not significantly more than 242 at αα = 0.05, so there is insufficient evidence to conclude that the population mean number of customers since the ad campaign began is more than 242.The data suggest the population mean is not significantly more than 242 at αα = 0.05, so there is sufficient evidence to conclude that the population mean number of customers since the ad campaign began is equal to 242.The data suggest the populaton mean is significantly more than 242 at αα = 0.05, so there is sufficient evidence to conclude that the population mean number of customers since the ad campaign began is more than 242.Interpret the p-value in the context of the study.If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began then there would be a 2.13815226% chance that the sample mean for these 12 days would be greater than 251.9. There is a 2.13815226% chance of a Type I error.If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began then there would be a 2.13815226% chance that the population mean number of customers since the ad campaign began would be greater than 242.There is a 2.13815226% chance that the population mean number of customers since the ad campaign began is greater than 242.Interpret the level of significance in the context of the study.If the population mean number of customers since the ad campaign began is more than 242 and if you collect data for another 12 days since the ad campaign began, then there would be a 5% chance that we would end up falsely concuding that the population mean number of customers since the ad campaign is equal to 242.There is a 5% chance that there will be no customers since everyone shops online nowadays.There is a 5% chance that the population mean number of customers since the ad campaign began is more than 242.If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began, then there would be a 5% chance that we would end up falsely concuding that the population mean number of customers since the ad campaign began is more than 242.

We want to find null and alternate hypothesis , test statistics Note: According to bartleby experts…

Answered: Before the furniture store began its ad…

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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Before the furniture store began its ad campaign, it averaged 242 customers per day. The manager is investigating if the average is larger since the ad came out. The data for the 12 randomly selected days since the ad campaign began is shown below:

246, 261, 265, 253, 238, 267, 225, 272, 254, 259, 228, 255

Assuming that the distribution is normal, what can be concluded at the αα = 0.05 level of significance?

For this study, we should use
The null and alternative hypotheses would be:

H0:H0:

H1:H1:

The test statistic = (please show your answer to 3 decimal places.)
The p-value = (Please show your answer to 4 decimal places.)
The p-value is αα
Based on this, we should the null hypothesis.
Thus, the final conclusion is that ...
- The data suggest that the population mean number of customers since the ad campaign began is not significantly more than 242 at αα = 0.05, so there is insufficient evidence to conclude that the population mean number of customers since the ad campaign began is more than 242.
- The data suggest the population mean is not significantly more than 242 at αα = 0.05, so there is sufficient evidence to conclude that the population mean number of customers since the ad campaign began is equal to 242.
- The data suggest the populaton mean is significantly more than 242 at αα = 0.05, so there is sufficient evidence to conclude that the population mean number of customers since the ad campaign began is more than 242.
Interpret the p-value in the context of the study.
- If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began then there would be a 2.13815226% chance that the sample mean for these 12 days would be greater than 251.9.
- There is a 2.13815226% chance of a Type I error.
- If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began then there would be a 2.13815226% chance that the population mean number of customers since the ad campaign began would be greater than 242.
- There is a 2.13815226% chance that the population mean number of customers since the ad campaign began is greater than 242.
Interpret the level of significance in the context of the study.
- If the population mean number of customers since the ad campaign began is more than 242 and if you collect data for another 12 days since the ad campaign began, then there would be a 5% chance that we would end up falsely concuding that the population mean number of customers since the ad campaign is equal to 242.
- There is a 5% chance that there will be no customers since everyone shops online nowadays.
- There is a 5% chance that the population mean number of customers since the ad campaign began is more than 242.
- If the population mean number of customers since the ad campaign began is 242 and if you collect data for another 12 days since the ad campaign began, then there would be a 5% chance that we would end up falsely concuding that the population mean number of customers since the ad campaign began is more than 242.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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