Business Uk Wide Chain Of Cinemas

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Introduction The corporation ‘Film 2011’ is specialised in the entertainment industry and provide cinema halls. The directors’ are interested in expansion of this business UK wide chain of cinemas. For this 3 cinema chains A, B, C are assessed for their performance and a random sample of 128 cinemas in England, Scotland and Wales was selected. Chain A specially provide pass for 4-8 weeks. The director’s claim was that the average total monthly sale of all cinemas is approximately £285,000. He was also interested in any other useful information which will help in expansion and increase in sale of corporation ‘Film 2011’. So, our main objectives are: 1. The average total monthly sale of all cinemas is approximately £285,000. 2. There is a…show more content…
For statistical analyses we will use 0.05 as our level of significance throughout. Version-16 of Minitab software will be used for all analyses. Statistical Analysis Objective-1: We are to test the null hypothesis H0: µ=285,000 ...versus the alternative hypothesis H1: µ≠285,000 The following interval plot shows that the mean total monthly sales of the cinemas is different from 285000 as the interval does not include this value. Performing one-sample t-test we get the descriptive statistics and test results as follows: One-Sample T: Total Monthly Sales in £ Test of mu = 285000 vs not = 285000 Variable N Mean StDev SE Mean 95% CI T Total Monthly Sales in £ 128 247392 140469 12416 (222823, 271960) -3.03 Variable P Total Monthly Sales in £ 0.003 From above results it was observed that the null hypothesis was rejected as t(df=127)=-3.03 and p-value=0.003 is less than 0.05. Hence, total monthly sales of the cinemas is different from 285,000 and in fact sample indicates that the sample mean 247,392 is less than
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