Average value of sales, The manager is concerned that sales

Average value of sales

Reference no: EM1320787

A Wendy's franchise has been averaging about $5000 worth of business on a typical Saturday with a standard deviation of σ = $500. The manager is concerned that sales are slipping, after taking into account the average value of sales for four consecutive Saturdays being $4800.

What should the level of significance be to arrive at a conclusion that would be the opposite of the one you have arrived?

Reference no: EM1320787

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Average value of sales : The manager is concerned that sales are slipping, after taking into account the average value of sales for four consecutive Saturdays being $4800.

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