A recent survey reported that small businesses spend 2020 hours a week marketing their business. A local chamber of comm

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answerhappygod
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A recent survey reported that small businesses spend 2020 hours a week marketing their business. A local chamber of comm

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A recent survey reported that small businesses
spend 2020 hours a week marketing their business. A local
chamber of commerce claims that small businesses in their area are
not growing because these businesses are spending less
than 2020 hours a week on marketing. The chamber conducts
a survey of 6161 small businesses within their state and
finds that the average amount of time spent on marketing
is 19.219.2 hours a week. Assuming that the population
standard deviation is 3.73.7 hours, is there sufficient
evidence to support the chamber of commerce’s claim at
the 0.020.02 level of significance?
Step 2 of 3: Compute the value of the test statistic. Round
your answer to two decimal places.
Step 3 of 3: Draw a conclusion and interpret the
decision.
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