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.Ho: pv2.4Ha:Ev 2.4(So we will be performing a two-tailedtest.)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 v withand distribution standard deviationdistribution meanStep 3: Find the p-value of the point estimate.P(zv [p-value =Step 4: Make a Conclusion About the null hypothesis.the null= a, we do not rejectSince the p-value =hypothesis.Now Moxico differ from

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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. Ho: pv 2.4 Ha: PV 2.4 (So we will be performing a two-tailed ♡ 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 ♥ with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( S %3D p-value Step 4: Make a Conclusion About the null hypothesis. = a, we do not reject vv the null Since the p-value %3D hypothesis. ||

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. Ho: pv 2.4 Ha: PV 2.4 (So we will be performing a two-tailed ♡ 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 ♥ with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( S %3D p-value Step 4: Make a Conclusion About the null hypothesis. = a, we do not reject vv the null Since the p-value %3D hypothesis. ||

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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Topic Video

Question

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.
Ho: pv
2.4
Ha:
Ev 2.4
(So we will be performing a two-tailed
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
and distribution standard deviation
distribution mean
Step 3: Find the p-value of the point estimate.
P(zv [
p-value =
Step 4: Make a Conclusion About the null hypothesis.
the null
= a, we do not reject
Since the p-value =
hypothesis.
Now Moxico differ from

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