Question 15 of 28A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns oflunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch. A surveyof 25 customers sampled at one of the restaurants found the average lunch bill per eustomer to be $14.50. Based onprevious surveys, the restaurant informs the marketing manager that the standard deviation is o = $3.50. To address theCEO's conjecture, the marketing manager carried out a hypothesis test of Ho # = 13,50 vs. H, # > 13.50 and obtaineda Pvalue= 0.077, To illustrate his results, the direetor also wanted to ealeulate a 95% confidence interval with a margin ofGTOF m = $1.00.The required sample size equals:25.100.30.48.

Name: Question 15 of 28A marketing consultant is hired by a major restauran
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Description: Question 15 of 28A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns oflunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch.

It is given that, H0: μ = 13.50 Vs. H1: μ>13.50. The sample mean based upon some sample size =…

Answered: The required sample size equals:

Math

Statistics

The required sample size equals:

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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