The average amount of money that each customer spends at a particular bar is $27.84 with a standard deviation of $7.32. The owner of the bar is attempting to increase sales. The owner decides that playing live music will increase sales. The owner tests her theory by getting her son’s garage band to play one night at the bar for a random sample of 64 of her customers and then records the check total for each customer who was there while the band was playing. The customers who were there while the band was playing spent an average of $24.56. Conduct a one-tailed hypothesis test with a significance level of 5% to determine if customers spent more money when the live music was playing.
The average amount of money that each customer spends at a particular bar is $27.84 with a standard deviation of $7.32. The owner of the bar is attempting to increase sales. The owner decides that playing live music will increase sales. The owner tests her theory by getting her son’s garage band to play one night at the bar for a random sample of 64 of her customers and then records the check total for each customer who was there while the band was playing. The customers who were there while the band was playing spent an average of $24.56. Conduct a one-tailed hypothesis test with a significance level of 5% to determine if customers spent more money when the live music was playing.
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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The average amount of money that each customer spends at a particular bar is $27.84 with a standard deviation of $7.32. The owner of the bar is attempting to increase sales. The owner decides that playing live music will increase sales. The owner tests her theory by getting her son’s garage band to play one night at the bar for a random sample of 64 of her customers and then records the check total for each customer who was there while the band was playing. The customers who were there while the band was playing spent an average of $24.56.
- Conduct a one-tailed hypothesis test with a significance level of 5% to determine if customers spent more money when the live music was playing.
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