You are the product manager for Carl's ice cream. The company president asked you to determine if Carl's ice cream has equal sales as Ole ice cream, which is a strong competitor. The table below...


You are the product manager for Carl's ice cream. The company president asked you to determine if Carl's ice cream has equal sales as Ole ice cream, which is a strong competitor. The table below contains<br>weekly sales for competing brands for randomly selected 4 approximately equal size stores that did not follow a normal distribution.<br>(Use two digits after deimal point)<br>Carl's Sales<br>Ole Sales<br>1500<br>2000<br>1700<br>2500<br>1800<br>2500<br>1700<br>2300<br>Is there a difference between mean sales at a=5%?<br>a.<br>Ho<br>Hi:<br>Since test statistic =<br>+ than critical value =<br>. we<br>* and<br>Therefore mean sales are<br>b.<br>Can it be concluded at 5% significance level that the population median sales for Carl's ice cream exceeds 1600?<br>Ho<br>H:<br>test statistic =<br>Since a=0.05 is<br>* than the p-value =<br>There is<br>* evidence to conclude that median sales for Carl's ice<br>cream is<br>* 1600.<br>

Extracted text: You are the product manager for Carl's ice cream. The company president asked you to determine if Carl's ice cream has equal sales as Ole ice cream, which is a strong competitor. The table below contains weekly sales for competing brands for randomly selected 4 approximately equal size stores that did not follow a normal distribution. (Use two digits after deimal point) Carl's Sales Ole Sales 1500 2000 1700 2500 1800 2500 1700 2300 Is there a difference between mean sales at a=5%? a. Ho Hi: Since test statistic = + than critical value = . we * and Therefore mean sales are b. Can it be concluded at 5% significance level that the population median sales for Carl's ice cream exceeds 1600? Ho H: test statistic = Since a=0.05 is * than the p-value = There is * evidence to conclude that median sales for Carl's ice cream is * 1600.

Jun 11, 2022
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