The average McDonald's restaurant generates $2.4 million in sales each year with a standarddeviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants inNew Mexico is different than the worldwide average. She surveys 18 restaurants in New Mexico andfinds the following data (in millions of dollars):2.1, 2, 2.9, 1.7, 1.8, 2.3, 2.1, 2.1, 3.3, 1.4, 1.6, 1.4, 1.4, 2.3, 2.6, 2.7, 2.7, 1.7Perform a hypothesis test using a 8% level of significance.Step 1: State the null and alternative hypotheses.Но:2.4Ha: Pv2.4(So we will be performing a two-ailedv test.)Step 2: Assuming the null hypothesis is true, determine the features of the distribution ofpoint estimates using the Central Limit Theorem.By the Central Limit Theorem, we know that the point estimates are normally distributed ♥withdistribution mean 0.164992x and distribution standard deviation 0.16499316Step 3: Find the p-value of the point estimate.P( S 2.117= P(zv0.1649920.043p-value =0.164992Step 4: Make a Conclusion About the null hypothesis.vv the null0.164992X = a, we do not rejectSince the p-value = 0.086

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Description: The average McDonald's restaurant generates $2.4 million in sales each year with a standarddeviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants inNew Mexico is different than the worldwide average. She sur

The hypotheses of the test are given as follows: Null hypothesis: µ=2.4. Alternative hypothesis:…

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The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants in New Mexico is different than the worldwide average. She surveys 18 restaurants in New Mexico and finds the following data (in millions of dollars): 2.1, 2, 2.9, 1.7, 1.8, 2.3, 2.1, 2.1, 3.3, 1.4, 1.6, 1.4, 1.4, 2.3, 2.6, 2.7, 2.7, 1.7 Perform a hypothesis test using a 8% level of significance. Step 1: State the null and alternative hypotheses. Но: 2.4 Ha: P 2.4 (So we will be performing a two-niled test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are normally distributed v with distribution mean 0.164992 x and distribution standard deviation 0.16499316 Step 3: Find the p-value of the point estimate. P( sv 2.117 P(zv Sv 0.164992 0.043 %3D p-value = 0.164992 Step 4: Make a Conclusion About the null hypothesis. the null 0.164992 X = a, we do not reject Since the n-value = 0.086

The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants in New Mexico is different than the worldwide average. She surveys 18 restaurants in New Mexico and finds the following data (in millions of dollars): 2.1, 2, 2.9, 1.7, 1.8, 2.3, 2.1, 2.1, 3.3, 1.4, 1.6, 1.4, 1.4, 2.3, 2.6, 2.7, 2.7, 1.7 Perform a hypothesis test using a 8% level of significance. Step 1: State the null and alternative hypotheses. Но: 2.4 Ha: P 2.4 (So we will be performing a two-niled test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are normally distributed v with distribution mean 0.164992 x and distribution standard deviation 0.16499316 Step 3: Find the p-value of the point estimate. P( sv 2.117 P(zv Sv 0.164992 0.043 %3D p-value = 0.164992 Step 4: Make a Conclusion About the null hypothesis. the null 0.164992 X = a, we do not reject Since the n-value = 0.086

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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