In the past, patrons of a cinema complex have spent an average of $5.25 for popcorn and other snacks, with a standard deviation of $1.76. The amounts of these expenditures have been normally distributed. Following an intensive publicity campaign by a local medical society, the mean expenditure for a sample of 18 patrons is found to be $4.46. In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.
In the past, patrons of a cinema complex have spent an average of $5.25 for popcorn and other snacks, with a standard deviation of $1.76. The amounts of these expenditures have been normally distributed. Following an intensive publicity campaign by a local medical society, the mean expenditure for a sample of 18 patrons is found to be $4.46. In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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In the past, patrons of a cinema complex have spent an average of $5.25 for popcorn and other snacks, with a standard deviation of $1.76. The amounts of these expenditures have been
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