lession8essay.pdf - Feedback Tool System Time 9:32:25 PM Logged in as YAN2151439 STUDENT Feedback Tool Lesson8Essay Yang Li(YAN2151439 GBS221 35728 Fall

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2/28/2017 Feedback Tool ... 1/5 System Time: 2/28/2017 9:32:25 PM Logged in as YAN2151439 STUDENT Feedback Tool Lesson 8 Essay Yang Li (YAN2151439) GBS221 35728 Fall 2016 Due Date 12/31/2016 Submitted 2/9/2017 6:14:45 PM Status Graded 2/11/2017 2:58:56 PM Total Score 6/10 Question 1 Since food trucks have been gaining popularity, Mi Casa Front Porch is testing a seasonal food truck for special events around the Phoenix Metropolitan area. The data gathered by the research team identified that the average menu item from food trucks was $6.50 and daily revenue at the events was $9500.00 with a standard deviation of $250.00. The team gathered data from 20 days that the food truck was operating. To be profitable, the food truck would need to earn more than the average. Develop the hypothesis and interpret the test statistic at a .05 level of significance to whether or not Mi Casa Front Porch should continue with their seasonal food truck. Answer the questions below in essay format. Your essay must include an introduction, a body, and a conclusion, and it must address all relevant parts of each question. Your response should be a minimum
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  • Fall '12
  • Donnelly
  • Statistics, Null hypothesis, Statistical hypothesis testing, Donnelly, Feedback Tool

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