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You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?

You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?
Transcribed Image Text:You are a manager for a local vending machine company, and are responsible for reviewing the location of the machines. You decide to relocate machines if they earn below $995 per week. You examine the past 30 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $754.68, with a sample standard deviation of $288.19. Conduct a hypothesis test with a 10% significance level to investigate if the vending machine should be relocated. Using this information, what is the value of your test statistic for this test?
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