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Compute the test statistics and draw conclusions

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A local car dealer is attempting to determine which premium will draw the most visitors to its showroom. An individual who visits the showroom and takes a test ride is given a premium with no obligation. The dealer chose 4 premiums and offered each for one week. The results are as follows:

1-4ft metal stepladder-425

2-$50 savings bond-610

3-dinner for 4 at a local steakhouse-510

4-six pink flamingos plus an outdoor thermometer-705

1: Identify the research question and generate the approriate hypothesis.

2: Find the appropriate statistical test, compute the test statistics and draw conclusions.

Reference no: EM13862895

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