Unformatted text preview: 0.1056 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: 80 μ ≥ Ha: < 80 μ alpha = .01 Reject Ho if x-bar is < 77.208...
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This note was uploaded on 07/17/2011 for the course STATS 211 taught by Professor Dunne during the Spring '07 term at University of Dayton.
- Spring '07