document.write( "Question 1194538: The profits of a corner store for 6 days are 2,000 pesos, 3,000 pesos, 1,200 pesos, 6,000 pesos,
\n" );
document.write( "4,000 pesos, and 5,100 pesos. Does this set of data present sufficient evidence that the average
\n" );
document.write( "profit per day of the store is more than 3,800 pesos per day? Test at the 0.05 level of
\n" );
document.write( "significance. \n" );
document.write( "
Algebra.Com's Answer #826778 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! this is a one sample t-test \n" ); document.write( "Ho: mean is <= 3800 \n" ); document.write( "Ha:: mean is >3800 \n" ); document.write( "alpha=0.05 p{reject Ho|Ho true} \n" ); document.write( "test is t (0.95, df=5) \n" ); document.write( "critical value t>2.015 \n" ); document.write( "t=(x bar-mean)/s/sqrt(n) \n" ); document.write( "=(3550-3800)/1835/sqrt(6) \n" ); document.write( "=-250*sqrt(6)/1835 \n" ); document.write( "=-0.333 \n" ); document.write( "fail to reject Ho (obvious, since mean of sample- hypothesized mean is < 0. \n" ); document.write( " |