Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. In order to determine the effectiveness of the advertising campaign, a sample of 49 days of sales was taken. They found that average daily sales were $6,400 day. From past history, the restaurant knew that its population standard deviation is about $1000. The value of the test statistic is?
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. In order to determine the effectiveness of the advertising campaign, a sample of 49 days of sales was taken. They found that average daily sales were $6,400 day. From past history, the restaurant knew that its population standard deviation is about $1000. The value of the test statistic is?
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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Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. In order to determine the effectiveness of the advertising campaign, a sample of 49 days of sales was taken. They found that average daily sales were $6,400 day. From past history, the restaurant knew that its population standard deviation is about $1000. The value of the test statistic is?
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