A soda distributor claims that a new display, featuring Lebron James will increase product sales in supermarkets by an average of 50 cases in a week. For a random sample of twenty supermarkets, the average sales increase was 41.3 cases, and varied across supermarkets by about 12.2 cases.
Most imporatantly, what managerial conclusion can you draw from this data?© BrainMass Inc. brainmass.com June 3, 2020, 5:02 pm ad1c9bdddf
Null Hypothesis: Ho: M =50 cases. The average sales will increase by 50 cases a week
Alternative Hypothesis: H1: M <50. The average sales will not increase by 50 cases a week
M = 50 (hypothesized mean)
s= 12.2 (standard deviation as per the ...
Tests the hypothesis that a new display, featuring Lebron James will increase product sales in supermarkets by an average of 50 cases in a week.