Formulating null and alternative hypothesis to test claim

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Reference no: EM1320541

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.

Formulate an appropriate hypothesis test to examine at the 10% level of significance whether the manager's worries are justified.

Reference no: EM1320541

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