Unformatted text preview: B) x-bar = 77 p-value = 1-Normdist( 77,80,1.2) = 0.0062 Conclusion: A) Do Not Reject Ho: B) Reject Ho: Business Answer: A) Based on this study, we have insufficent evidence to conclude that the average sales per month are less than $80,000. The results gathered from sales are inconclusive. B) Based on this study, there is sufficent evidence to conclude that the average sales per month are less than $80,000 Ho: μ ≥ 80 Ha: μ < 80 alpha = .01 Reject Ho if x-bar is < 77.208...
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- Spring '07
- $12,000, $80,000, average sales, Reject Ho