Find out result of the advertising campaign

Assignment Help Basic Statistics
Reference no: EM132854355

Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. In order to determine the effectiveness of the advertising campaign a sample of 49 days of sales were taken. They found that the average daily sales were $6,300. From past history, the restaurant knew that it's population standard deviation is about $1,000. If the level of significance is 0.01, have sales increased as a result of the advertising campaign.

Reference no: EM132854355

Questions Cloud

Describe the mean sat math scores : The data shown below describe the mean SAT math scores in a recent year for states that have a participation rate of at least 50 percent.
How much should you pay in exchange for a payment : How much should you pay in exchange for a payment of $708,000 that will be received 6 years from today? Assume an annual discount rate of 12%
Ancient Egyptian tombs contained art : Ancient Egyptian tombs contained art to help the soul transition from Life to Death and to help the deceased navigate the Underworld.
Four barriers to information visibility and transparency : Discuss the four barriers to information visibility and transparency. how would you prevent each of these barriers occurring.
Find out result of the advertising campaign : If the level of significance is 0.01, have sales increased as a result of the advertising campaign.
What is the value of the contract on the exercise date : What is the value of the contract on the exercise date? and determine whether it's in the money, out of the money, or at the money? And why
Why is it important that statistical research follow : Why is it important that statistical research follow ethical guidelines?
Risk factors for humanitarian dimensions : Analyzes the effects in terms of risk factors for humanitarian dimensions of affected nations and peoples
How much is the purchase price of the bonds on January : On January 1, 2018 Karen Company acquired a 4-year bond with a face value of Php 1,200,000. How much is the purchase price of the bonds on January 1, 2018

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determine at least how many runners had a running

The standard deviation was 12 minutes. Using Chebysheff's theorem, determine at least how many runners had a running time between 53 minutes and 89 minutes?

  Explain how popular culture has no fixed forms

Explain how popular culture has "no fixed forms". What does this mean? Given the problematic nature of studying popular culture

  Calculate a numerical value for each of the given problem

Refer to the Additional News Source accompanying News Story 10 on the CD, "‘Keeping the faith' UC Berkeley researchers links weekly church attendance to longer.

  Suggest that longer movies actually make less profit

Understandably, the movie industry would like to know what makes a movie successful. Data from 120 first-run movies released in 2005 suggest that longer movies actually make less profit.

  The student will answer at most 6 questions correctly?

A student is taking a 10 question multiple choice quiz. There are four possible answers to each question. The student decides to guess at random on all 10 questions.

  The number of lightning strikes in a year at the top of

a. suppose x has a poisson distribution with parameter ?11.44. find the following.i. the mean of x.ii. the standard

  Marginal rate of substitution between reliability

Define reliability in a way that would be appropriate for the decision. Do you need to consider risk? c How might your friend go about establishing a marginal rate of substitution between reliability and price?

  Probability of repair the pollution control system

Sick cars. Twenty percent of cars that are inspected have faulty pollution control systems. The cost of repairing a pollution control system exceeds $100.

  Step hypothesis testing procedure

Ms Lisa is the budget director for the New Process Company. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample info:

  Is there a significant difference between the two routes

Assuming normal populations with equal standard deviations, and using the 0.10 level, is there a significant difference between the two routes?

  A linear regression was done to relate systolic blood

a linear regression was done to relate systolic blood pressure to weight measured in pounds. the resulting regression

  What is the probability that the state will not be

?a) What is the probability that the state will not be hit by any major hurricanes in a single? year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd