How is it done please show step by step Store 2733 498 509741 632 484 758 140Difference6455(Store 1 - Store 2)233 38 -76 164149 74Send data to calculator VBased on these data, can the owner conclude, at the 0.01 level of significance, that the mean daily sales of the two stores differ? Answer this question byperforming a hypothesis test regarding μ (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assumethat this population of differences (Store 1 minus Store 2) is normally distributed.Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers asspecified. (If necessary, consult a list of formulas.)(a) State the null hypothesis H and the alternative hypothesis H₁.OР0SH₁ :0믐(b) Determine the type of test statistic to use.0=0 OSO 020Type of test statistic: (Choose one)(c) Find the value of the test statistic. (Round to three or more decimal places.)□□000XŚ ?(d) Find the two critical values at the 0.01 level of significance. (Round to three or more decimal places.)and(e) At the 0.01 level, can the owner conclude that the mean daily sales of the two stores differ?Yes NoExplanationCheck2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibil3XI Espanolets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably dependingon the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same 8 days,chosen at random. She records the sales (in dollars) for each store on these days, as shown in the table below.Day12345678Store 1797 553742779556648 907 214Store 2733 498 509741632484 758 140Difference6455233 38-76164 149 74(Store 1-Store 2)Send data to calculator VBased on these data, can the owner conclude, at the 0.01 level of significance, that the mean daily sales of the two stores differ? Answer this question byperforming a hypothesis test regarding μ (which is μ with a letter "d" subscript), the population mean daily sales difference between the two stores. Assumethat this population of differences (Store 1 minus Store 2) is normally distributed.Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers asspecified. (If necessary, consult a list of formulas.)Р(a) State the null hypothesis Ho and the alternative hypothesis H₁.XSH₁ :0H₁ :0(b) Determine the type of test statistic to use.0=0OSO020Type of test statistic: (Choose one)0#000(c) Find the value of the test statistic. (Round to three or more decimal places.)XŚ ?0(d) Find the two critical values at the 0.01 level of significance. (Round to three or more decimal places.)and(e) At the 001 level, can the owner conclude that the mean daily sales of the two stores differ?Check2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | AccessibilityExplanation53|xa

Question

How is it done please show step by step Store 2733 498 509741 632 484 758 140Difference6455(Store 1 - Store 2)233 38 -76 164149 74Send data to calculator VBased on these data, can the owner conclude, at the 0.01 level of significance, that the mean daily sales of the two stores differ? Answer this question byperforming a hypothesis test regarding μ (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assumethat this population of differences (Store 1 minus Store 2) is normally distributed.Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers asspecified. (If necessary, consult a list of formulas.)(a) State the null hypothesis H and the alternative hypothesis H₁.OР0SH₁ :0믐(b) Determine the type of test statistic to use.0=0 OSO 020Type of test statistic: (Choose one)(c) Find the value of the test statistic. (Round to three or more decimal places.)□□0<0 ☐>00XŚ ?(d) Find the two critical values at the 0.01 level of significance. (Round to three or more decimal places.)and(e) At the 0.01 level, can the owner conclude that the mean daily sales of the two stores differ?Yes NoExplanationCheck2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibil3XI Espanolets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably dependingon the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same 8 days,chosen at random. She records the sales (in dollars) for each store on these days, as shown in the table below.Day12345678Store 1797 553742779556648 907 214Store 2733 498 509741632484 758 140Difference6455233 38-76164 149 74(Store 1-Store 2)Send data to calculator VBased on these data, can the owner conclude, at the 0.01 level of significance, that the mean daily sales of the two stores differ? Answer this question byperforming a hypothesis test regarding μ (which is μ with a letter "d" subscript), the population mean daily sales difference between the two stores. Assumethat this population of differences (Store 1 minus Store 2) is normally distributed.Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers asspecified. (If necessary, consult a list of formulas.)Р(a) State the null hypothesis Ho and the alternative hypothesis H₁.XSH₁ :0H₁ :0(b) Determine the type of test statistic to use.0=0OSO020Type of test statistic: (Choose one)0#00<0 0>0(c) Find the value of the test statistic. (Round to three or more decimal places.)XŚ ?0(d) Find the two critical values at the 0.01 level of significance. (Round to three or more decimal places.)and(e) At the 001 level, can the owner conclude that the mean daily sales of the two stores differ?Check2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | AccessibilityExplanation53|xa

Accepted Answer

Given : 
The mean daily sales and the differences between the two stores is given below:

Store 2…