Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. your company has entered a new area, which is demo

Your company has entered a new area, which is demographically similar to the area where you...

50.1K

Verified Solution

Question

General Management

Your company has entered a new area, which is demographicallysimilar to the area where you do business. The mean for sales eachday in your current areas is $2000. You randomly selected 25 dailysales in the new area. The sample mean for this group is $2100 witha standard deviation of $250. At ? = 0.05.

a.    Test to see if the average sale in the newarea is different than the average sale in the current area.

b.    One of the directors is concerned that thesales in this new area may be higher. Test if the concern isvalid?

Answer & Explanation Solved by verified expert
4.5 Ratings (730 Votes)
a vsAs n is less than 30 andpopulation varaince not known we will use tdistributionThe tcritical    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Riley Corporation is considering whether or not to introduce a modified version of one of...

Finance
Q

what do you know about briefly the three steps of formation of urine (filtration, reabsorption and...

Medical Sciences
Q

What cause the main transient response of the system. A. Dominant roots B. Locus C. Asymptote centroid D. Auxiliary...

Electrical Engineering
Q

Write a 2-3 page paper double spaced on the following topic - leadership. In your own...

Operations Management
Q

An ideal gas is held in a non insulated rigid container with a volume of...

Physics
Q

Two parallel lines are cut by a trans Suppose m2 104 Find m45

Geometry
Q

View the video found on page 1 of this journal activity. Using the information provided...

Basic Math
Q

into triangles BCD and AABD by diagonal BD Construct the triangle BD C similar to...

Algebra
Q

Calculate the fixed cost per unit at the various quantities (units) ...

Accounting
Q

Planning Budget For the Month Ended July 31 In July, 30,000...

Accounting
Q

Please do all Thank you ...

Accounting
Q

Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs...

Accounting