Retail federation conducted a nationwide survey

Reference no: EM1392887

A retail federation conducted a nationwide survey of 1000 adults last October and found that approximately 55% of the respondents planned to do some type of Halloween decorating. The federation claims that households spend an average of $45 on Halloween candy, costumes, and decorations; the total Halloween market is estimated to generate about $7 billion in sales. Suppose that a retail manager in Pembroke wished to determine if the average household in the Pembroke area planned to spend more than $45. A random sample of 25 households yielded a mean of $52 with a standard deviation of $18. Do the data support the belief that the average household in the Pembroke area spends more than $45 in preparation for Halloween; use a significance level of .01.

Reference no: EM1392887

Questions Cloud

Benefits of exchange in the light of the law of association : Benefits of exchange in the light of the law of association - introduction of money in indirect exchange and way income gets distributed among market participants.

Explain solar power to audience of other scientists : Explain what you have learned about Solar Power and present it as if you were at scientific conference and were presenting your research to the audience of other scientists.

Raw material dell has on hand at the end of the year : Do you think four days supply is a valid representation of the amount of raw material Dell has on hand at the end of the year? Why or why not?

What is the car speed at the bottom of the dip : The passengers in a roller coaster car feel 50% heavier than their true weight as the car goes through a dip with a 10.00 radius of curvature. What is the car's speed at the bottom of dip? What is the car's speed at the bottom of the dip?

Retail federation conducted a nationwide survey : A retail federation conducted a nationwide survey of 1000 adults last October and found that approximately 55% of the respondents planned to do some type of Halloween decorating.

How far up the ladder can a person climb : An 8m, 290 N uniform ladders rests against a smooth wall. The coefficient of static friction between the ladder and the ground is 0.75, and the ladder makes a 50° angle with the ground. How far up the ladder can a 720 N person climb before the lad..

After searching the supplier directory : After searching the supplier directory, use specific criteria to compare the profiles of companies supplying both red and white. Decide which supplier is best for your company. Be sure to justify your conclusion.

Average rate charged by credit cards : Test the financial analyst's belief that the average rate charged by credit cards with monthly fees is less than 14%. Use a 5% significance level.

How fast is she going while she reaches the bottom : Two long, parallel wires, each with the mass per unit length of 43 g/m, are supported in a horizontal plane by 6-cm long strings. Each wire carries the similar current, I, causing the wires to repel each other so that the angle, θ, between the sup..

User Account

All Pages