SOLUTION: I have partially solved the below hypothesis test, but I am stuck. Below is the data set.
In this dataset you will find the amount spent for a dinner at the newest restaurant
Algebra ->
Probability-and-statistics
-> SOLUTION: I have partially solved the below hypothesis test, but I am stuck. Below is the data set.
In this dataset you will find the amount spent for a dinner at the newest restaurant
Log On
Question 1057939: I have partially solved the below hypothesis test, but I am stuck. Below is the data set.
In this dataset you will find the amount spent for a dinner at the newest restaurant in town to be an average of $30.59. You, as researchers, have taken a sample from this dataset and have different results. Please conduct a hypothesis test to demonstrate if the original hypothesis is correct.
CUSTOMER AMOUNT SPENT
1 $15.05
2 $35.06
3 $21.25
4 $22.60
5 $27.00
6 $18.65
7 $19.45
8 $32.45
9 $41.28
10 $26.54
11 $32.21
12 $25.45
13 $15.91
14 $64.54
15 $23.58
16 $75.81
17 $45.25
18 $32.51
19 $24.50
20 $35.10
21 $26.58
22 $45.00
23 $21.00
24 $15.61
25 $23.25
26 $24.65
27 $21.45
28 $19.51
29 $36.52
30 $25.41
31 $10.25
32 $32.45
33 $47.25
34 $15.91
35 $32.25
36 $45.51
37 $12.25
38 $36.45
39 $12.00
40 $20.00
41 $21.25
42 $32.61
43 $45.54
44 $26.54
45 $45.67
46 $65.58
47 $18.91
48 $19.54
49 $65.54
Below is my random sample data set. It is for 30 customers.
CUSTOMER AMOUNT SPENT
13 $15.91
42 $32.61
24 $15.61
40 $20.00
25 $23.25
9 $41.28
16 $75.81
32 $32.45
31 $10.25
47 $18.91
22 $45.00
38 $36.45
10 $26.54
19 $24.50
21 $26.58
28 $19.51
2 $35.06
30 $25.41
4 $22.60
27 $21.45
41 $21.25
12 $25.45
49 $65.54
36 $45.51
7 $19.45
33 $47.25
37 $12.25
20 $35.10
5 $27.00
8 $32.45
I believe the Null Hypothesis is: H0: μ = $30.59
I believe the alternative is: H1: 𝑋 ̅ < $30.59
I can't seem to calculate the test statistic, and therefore I cannot make my conclusion of rejecting the HO or fail to reject the HO.
Please help.
You can put this solution on YOUR website! Below is my random sample data set. It is for 30 customers.
CUSTOMER AMOUNT SPENT
13 $15.91
42 $32.61
24 $15.61
40 $20.00
25 $23.25
9 $41.28
16 $75.81
32 $32.45
31 $10.25
47 $18.91
22 $45.00
38 $36.45
10 $26.54
19 $24.50
21 $26.58
28 $19.51
2 $35.06
30 $25.41
4 $22.60
27 $21.45
41 $21.25
12 $25.45
49 $65.54
36 $45.51
7 $19.45
33 $47.25
37 $12.25
20 $35.10
5 $27.00
8 $32.45
I believe the Null Hypothesis is:
Ho: μ = $30.59
Ha: u # $30.59
Sample Mean is the mean of your sample :: 29.35
Find the standard deviation of your sample.
Find the z-value (or t-value if your class uses t-tests); this is
the test statistic.
----
Assume this is a 95% test.
Find the p-value
If 2*(p-value) < 5% reject Ho.
Cheers,
Stan H.
------------
(