Social Studies, 06.05.2020 21:09, enm01

Manager of a grocery store wants to determine if consumers are spending more than the national average. The ni
verage is $150.00 with a standard deviation of $30.20. The manager collects 40 random receipts and finds that the
$160. Complete a hypothesis test with a significance level of 2.5% to determine if the average customer spends n
ore than the national average. Which of the following is a valid conclusion for the manager based on this test?
The customers spend more than the national average in his store
The manager should decrease prices in his store.
The customers do not spend more than the national average in his store.
The customers in his store just come from a rich neighborhood.

Answers: 2

Show answers

Other questions on the subject: Social Studies

Social Studies, 22.06.2019 10:00, rutza

What occurred during the free banking era? the dollar bill was introduced. the second bank of the united states was established. repaying of loans was not closely monitored. currency varied widely from state to state.

Answers: 1

continue

Social Studies, 22.06.2019 16:40, katelynn73

Einar sees alexandra every day across the room in his history class but has never talked with her. einar likes the way alexandra looks, including the way she dresses and how she wears her hair. he's even more attracted to her apparent intelligence and the way she handles herself in class discussions and during interactions with the instructor. he'd like to know more about her, so he asks one of his friends about her. einar, using a passive strategy to gain information about her, is probably in the preinteraction awareness stage of any relationship that might develop between them. t/f

Answers: 1

continue

Social Studies, 22.06.2019 19:00, Jennifer312332

Which of these was not a component of the american system? a) protective tariff b) internal improvements c) universal manhood suffrage eliminate d) the 2nd bank of the united states

Answers: 1

continue

Social Studies, 22.06.2019 22:40, ejones123

Which of the following policies is an example of a command-and-control policy? a. subsidies to education b. maximum levels of pollution that factories may emit c. tradable pollution permits d. none of the above is an example of a command-and-control policy.

Answers: 2

continue

Do you know the correct answer?

Manager of a grocery store wants to determine if consumers are spending more than the national avera...