How much does a book cost?
B. Fail to reject the null hypothesis.
C. Reject the null hypothesis and conclude the mean is lower than $6,000 per day.
D. Reject the null hypothesis and conclude the mean is higher than $6,000 per day.
Answer:
Option B) Fail to reject the null hypothesis.
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = $6,000
Sample mean, = $6,300
Sample size, n = 49
Alpha, α = 0.01
Population standard deviation, σ = $1,000
First, we design the null and the alternate hypothesis
We use one-tailed(right) z test to perform this hypothesis.
Formula:
Putting all the values, we have
Now,
Since,
We fail to reject the null hypothesis and accept the null hypothesis. Thus, we conclude that sales have not increased as a result of the advertising campaign
Option B) Fail to reject the null hypothesis.
B) 2,200 CDs
C) 1,571 CDs
D) 5,500 CDs
Answer:
It is actually 2,200, which is option B. I originally put option A but it said it was incorrect and told m eit was 2,200. I hope i was able to help ;)
Step-by-step explanation: