Question

Imagine you work as an analyst for a large beverage firm, deciding where to place vending machines to best serve your customers. You want to determine if the average weekly sales generated by the vending machine is below $975. You examine the past 20 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $812.42, with a sample standard deviation of $240.19. Using this information, you want to do a hypothesis test with 10% significance level. What is the value of your test statistic? Note: 1- Only round your final answer. Round your final answer to two decimal places.

          Imagine you work as an analyst for a large beverage firm, deciding where to place vending machines to best serve your customers. You want to determine if the average weekly sales generated by the vending machine is below $975. You examine the past 20 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of $812.42, with a sample standard deviation of $240.19. Using this information, you want to do a hypothesis test with 10% significance level. What is the value of your test statistic?

Note:
1- Only round your final answer. Round your final answer to two decimal places.

Imagine you work as an analyst for a large beverage firm, deciding where to place vending machines to best serve your customers. You want to determine if the average weekly sales generated by the vending machine is below 975. You examine the past 20 weeks of sales with a machine located on the campus of McMaster, and find that it had a sample average level of weekly sales of812.42, with a sample standard deviation of 240.19. Using this information, you want to do a hypothesis test with 10% significance level. What is the value of your test statistic?

Note:
1- Only round your final answer. Round your final answer to two decimal places.

Added by Michael W.

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