statistics
abanoubb2001
Question
Weekly sales of regular ground coffee at a supermarket have in the recent past varied according to a normal distribution with mean = 354 units per week and standard deviation = 33 units. The store reduces the price by 5%. Sales in the next three weeks are 405, 378, and 411 units. Is this good evidence that average sales are now higher? The hypotheses are:
H0: = 354
H0: > 354
Assume that the standard deviation of the population of weekly sales remains = 33.
a) Find the sample mean x-bar and the value of the one-sample z test statistic.
x-bar =
z=
b) Calculate the P-value. (Sketch a standard normal curve and shade the area corresponding to the P-value to help answer this question. Your instructor may wish to see these sketches.)
P-value = c) Is the result statistically significant at the = 0.05 level?
Details
Purchase An Answer Below