Answered: Maxwell’s hot chocolate is concerned…

Name: Maxwell’s hot chocolate is concerned about the effect of the year-long
Uploaded: 2024-03-20T07:07:12.000Z
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Description: Maxwell’s hot chocolate is concerned about the effect of the year-long coffee advertising campaign on the chocolate sales. The weekly hot chocolate sales from 15 locations (in this year) is collected and summarized in the following table. Descriptive

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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Maxwell’s hot chocolate is concerned about the effect of the year-long coffee advertising campaign on the chocolate sales. The weekly hot chocolate sales from 15 locations (in this year) is collected and summarized in the following table. Descriptive Statistics N Sum Range Minimum Maximum Mean Std. Deviation Variance Sales 15 --- --- 20 197 24.80 3.53 12.46
a) Calculate the missing values in the table (Sum and Range)
b) The average sales was $26.6 last year and the manager of the firm claim that there is a decrease in the sales this year. Does the data provide sufficient evidence to support the claim of the manager at 1% significance level? Show your calculations in detail and interpret the result.

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