The average sales per store of ABC Inc’s best-selling...

  • Yorkville University
  • BUSI 1013
  • Test Prep
  • emilyt16horse
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9/22/19 BUSI 1013 Emily Thompson Final Exam The average sales per store of ABC Inc.’s best-selling product in a supermarket chain last year was $15,000. A random sample of 80 stores selected from the chain shows that this year the average sales per store is $14,300 with a sample standard deviation of $8,000. We wish to determine if the average sales per store this year is less than $15,000. 1. State the null and alternative hypotheses to be tested. ( 2 Points )
2. Compute the test statistic. ( 2 Points )

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