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Pastry shop claims

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Reference no: EM131997058

Q1: Stats-Fin

For each of the claims below mention what type of test should be used (one-tail, two-tail) and set up the null and alternate hypothesis. Consider that the critical value is = CV. For each H0, mentioned the acceptance range. 

a) The 87Cents Store claims that their daily profit is at least $5000.

b) The Pastry shop claims that its chocolate cookies at least 50% chocolate per cookie.

c) PS193 claims that its students scored in the 95thile.

Reference no: EM131997058

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