Conclude that the television increases revenue

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The manager of a small bar is trying to decide whether to invest in a large-screen television. The manager leases a television for ten weeks and monitors sales during that period. Before the manager installed the television, average weekly revenue was approximately $27,000. With the television installed, average weekly revenue was approximately $32,000. After performing a hypothesis test, the editor obtained a p-value of 0.04. Assuming a 95% confidence level, which of the following conclusions is correct?

  • Do not reject the null hypothesis, and conclude that the television does not increase revenue.
  • Do not reject the null hypothesis, and conclude that the television increases revenue.
  • Reject the alternative hypothesis, and conclude that the television increases revenue
  • Reject the null hypothesis, and conclude that the television increases revenue.

Reference no: EM132991219

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