The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably depending on the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same sample of days. After choosing a random sample of 8 days, she records the sales (in dollars) for each store on these days, as shown in the table below. Day 1 2 4 5 6. 7 8 Store 1 654 303 989 591 872 934 828 947 Store 2 498 114 674 605 912 1008 686 848 Difference 156 189 315 - 14 - 40 - 74 142 99 (Store 1 - Store 2) Send data to calculator Based on these data, can the owner conclude, at the 0.05 level of significance, that the mean daily sales of the two stores differ? Answer this question by performing a hypothesis test regarding u, (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assume that this population of differences (Store 1 minus Store 2) is normally distributed. Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified. (If necessary, consult a list of formulas.)
The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably depending on the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same sample of days. After choosing a random sample of 8 days, she records the sales (in dollars) for each store on these days, as shown in the table below. Day 1 2 4 5 6. 7 8 Store 1 654 303 989 591 872 934 828 947 Store 2 498 114 674 605 912 1008 686 848 Difference 156 189 315 - 14 - 40 - 74 142 99 (Store 1 - Store 2) Send data to calculator Based on these data, can the owner conclude, at the 0.05 level of significance, that the mean daily sales of the two stores differ? Answer this question by performing a hypothesis test regarding u, (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assume that this population of differences (Store 1 minus Store 2) is normally distributed. Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified. (If necessary, consult a list of formulas.)
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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Transcribed Image Text:The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably depending
on the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same sample of
days. After choosing a random sample of 8 days, she records the sales (in dollars) for each store on these days, as shown in the table below.
Day
1
2
3
4
5
6
7
8
Store 1
654
303
989
591
872
934
828
947
Store 2
498
114
674
605
912
1008
686
848
Difference
156
189
315
- 14
- 40
- 74
142
99
(Store 1 - Store 2)
Send data to calculator
Based on these data, can the owner conclude, at the 0.05 level of significance, that the mean daily sales of the two stores differ? Answer this question by
performing a hypothesis test regarding u, (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assume
that this population of differences (Store 1 minus Store 2) is normally distributed.
Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as
specified. (If necessary, consult a list of formulas.)
Transcribed Image Text:(a) State the null hypothesis H and the alternative hypothesis H,.
Ho : 0
H, :0
(b) Determine the type of test statistic to use.
Type of test statistic: (Choose one)
(c) Find the value of the test statistic. (Round to three or more decimal places.)
(d) Find the two critical values at the 0.05 level of significance. (Round to three or more decimal places.)
D and |
(e) At the 0.05 level, can the owner conclude that the mean daily sales of the two stores differ?
Yes ONo
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