Statistics - Null and Alternate Hypothesis
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7. A fast-food franchiser is considering building a restaurant at a certain location. Based on financial analysis, a site is acceptable only if the number of pedestrians passing the location averages more than 100 per hour. A random sample of 50 hours produced a sample mean of 110 pedestrians per hour. Historical studies have shown that the population standard deviation is 12 pedestrians per hour.
a. Does this data provide sufficient evidence to establish that the site is acceptable? Use a 0.05 level of significance. State your null and alternate hypothesis, and further, state your conclusion in non-technical terms. Also, what is the p-value for this hypothesis test?
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Solution Summary
The null and alternative hypothesis are examined. A complete, neat and step-by-step solution is provided.
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n = 50, x-bar = 110, s = 12
H0: The site is not acceptable, that is m <= 100 vs Ha: The site is acceptable, that is m > 100
Since ...
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