Determining the mean number of units sold

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ABC Inc. is an Ontario based company that produces and sells honey and beeswax products. The company has its own hives that are located in the heart of the province. Some of the company's products include candles and soaps. The marketing director wants to determine whether the soaps have lower mean number units sold compared to the candles. To do so, the company's financial analyst randomly selected data for five months. The mean number of units sold is summarized in the table below:

Month

Candles

Soaps 

1

71

53

2

56

47

3

75

52

4

68

55

5

74

58

Can the financial analyst conclude that the mean number of units sold is lower for the soaps?

Reference no: EM133049479

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