The required sample size equals:

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Question 15 of 28
A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns of
lunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch. A survey
of 25 customers sampled at one of the restaurants found the average lunch bill per eustomer to be $14.50. Based on
previous surveys, the restaurant informs the marketing manager that the standard deviation is o = $3.50. To address the
CEO's conjecture, the marketing manager carried out a hypothesis test of Ho # = 13,50 vs. H, # > 13.50 and obtained
a Pvalue= 0.077, To illustrate his results, the direetor also wanted to ealeulate a 95% confidence interval with a margin of
GTOF m = $1.00.
The required sample size equals:
25.
100.
30.
48.
Transcribed Image Text:Question 15 of 28 A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns of lunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch. A survey of 25 customers sampled at one of the restaurants found the average lunch bill per eustomer to be $14.50. Based on previous surveys, the restaurant informs the marketing manager that the standard deviation is o = $3.50. To address the CEO's conjecture, the marketing manager carried out a hypothesis test of Ho # = 13,50 vs. H, # > 13.50 and obtained a Pvalue= 0.077, To illustrate his results, the direetor also wanted to ealeulate a 95% confidence interval with a margin of GTOF m = $1.00. The required sample size equals: 25. 100. 30. 48.
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