Homework Help is Here – Start Your Trial Now!
Math
Statistics
The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.4. Ian wants to know if the average sales generated by McDonald's restaurants in North Dakota is different than the worldwide average. He surveys 33 restaurants in North Dakota and finds the following data (in millions of dollars): 2.4, 2.7, 2.9, 2.9, 2.2, 2.2, 2.2, 2.6, 1.9, 2.6, 2.5, 2.5, 2.1, 2.7, 2.9, 2.4, 2.2, 2.9, 2.3, 2.5, 2.2, 2.2, 2, 2, 2.4, 2.2, 2.4, 3, 2.9, 2.5, 2.2, 1.9, 2.1 Perform a hypothesis test using a 5% level of significance. Step 1: State the null and alternative hypotheses. Ho: ?? H₂: ? (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are [Select an answer distribution mean and distribution standard deviation with

The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.4. Ian wants to know if the average sales generated by McDonald's restaurants in North Dakota is different than the worldwide average. He surveys 33 restaurants in North Dakota and finds the following data (in millions of dollars): 2.4, 2.7, 2.9, 2.9, 2.2, 2.2, 2.2, 2.6, 1.9, 2.6, 2.5, 2.5, 2.1, 2.7, 2.9, 2.4, 2.2, 2.9, 2.3, 2.5, 2.2, 2.2, 2, 2, 2.4, 2.2, 2.4, 3, 2.9, 2.5, 2.2, 1.9, 2.1 Perform a hypothesis test using a 5% level of significance. Step 1: State the null and alternative hypotheses. Ho: ?? H₂: ? (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are [Select an answer distribution mean and distribution standard deviation with

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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
See similar textbooks
icon
Related questions
Question
The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.4. lan wants to know if the average sales generated by McDonald's restaurants in North Dakota is different than the worldwide average. He surveys 33 restaurants in North Dakota and finds the following data (in millions of dollars): 2.4, 2.7, 2.9, 2.9, 2.2, 2.2, 2.2, 2.6, 1.9, 2.6, 2.5, 2.5, 2.1, 2.7, 2.9, 2.4, 2.2, 2.9, 2.3, 2.5, 2.2, 2.2, 2, 2, 2.4, 2.2, 2.4, 3, 2.9, 2.5, 2.2, 1.9, 2.1 Perform a hypothesis test using a 5% level of significance. Step 1: State the null and alternative hypotheses. Ho: Ha (So we will be performing a [Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer distribution mean and distribution standard deviation with
Transcribed Image Text:The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.4. lan wants to know if the average sales generated by McDonald's restaurants in North Dakota is different than the worldwide average. He surveys 33 restaurants in North Dakota and finds the following data (in millions of dollars): 2.4, 2.7, 2.9, 2.9, 2.2, 2.2, 2.2, 2.6, 1.9, 2.6, 2.5, 2.5, 2.1, 2.7, 2.9, 2.4, 2.2, 2.9, 2.3, 2.5, 2.2, 2.2, 2, 2, 2.4, 2.2, 2.4, 3, 2.9, 2.5, 2.2, 1.9, 2.1 Perform a hypothesis test using a 5% level of significance. Step 1: State the null and alternative hypotheses. Ho: Ha (So we will be performing a [Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer distribution mean and distribution standard deviation with
Step 3: Find the p-value of the point estimate. P(??♥ p-value P(?✓ ? ✓ Step 4: Make a Conclusion About the null hypothesis. Since the p-value hypothesis. ?v || a, we Select an answer the null We cannot conclude that the mean sales of McDonald's restaurants in North Dakota differ from average McDonald's sales worldwide. O We conclude that the mean sales of McDonald's restaurants in North Dakota differ from average McDonald's sales worldwide.
Transcribed Image Text:Step 3: Find the p-value of the point estimate. P(??♥ p-value P(?✓ ? ✓ Step 4: Make a Conclusion About the null hypothesis. Since the p-value hypothesis. ?v || a, we Select an answer the null We cannot conclude that the mean sales of McDonald's restaurants in North Dakota differ from average McDonald's sales worldwide. O We conclude that the mean sales of McDonald's restaurants in North Dakota differ from average McDonald's sales worldwide.
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
SEE MORE TEXTBOOKS