A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package. Sales recorded in a 32-day period...

1. A market research study hopes to determine if the average sales of house entertainment units will increase in a test market with the introduction of a new package. Sales recorded in a 32-day period for the old package and a 30-day period for the new package were as follows:

What can be concluded at 2.5% significance level?  Use the Ten Step Process.

1. Ho:_________________________________________________________________


2. Ha:_________________________________________________________________


3. Type of Test:_________________________________________________________


4. Level of Significance:___________________________________________________


5. Test Statistic:_________________________________________________________


6. Formula:_____________________________________________________________


7. Computed Value:______________________________________________________


8. Tabular Value:_________________________________________________________


9. Decision:_____________________________________________________________


10. Conclusion:___________________________________________________________

Extracted text: NEW PACKAGE (no. of units sold/day 50 32 49 51 OLD PACKAGE (no. of units sold/day) 51 33 72 54 64 49 46 42 40 49 32 51 45 49 39 54 51 72 33 64 45 51 29 50 40 32 45 50 42 42 51 64 64 46 46 54 46 49 40 45 39 54 51 72 49 49 39 39 29 29 40 42 72 33 33 49 60 65