Question 4 Mitchell, the owner of one of the local fishing stores, wants to analyse the effect of a promotional offer on
-
- Site Admin
- Posts: 899558
- Joined: Mon Aug 02, 2021 8:13 am
Question 4 Mitchell, the owner of one of the local fishing stores, wants to analyse the effect of a promotional offer on
Question 4 Mitchell, the owner of one of the local fishing stores, wants to analyse the effect of a promotional offer on the sales of fishing rods. He collects a sample of data by recording the number of fishing rods sold during one week before the promotional offer, and then for one week during the promotional offer. At the 5% level of significance, test whether the promotional offer increased the sales of fishing rods. (The data can be found in the Excel Worksheet Data4) [Note: you will need to produce output in excel using the t-Test: Paired Two Sample for Means tool] [HINT: When formulating your 6-step hypothesis test for this question you will use The Paired Difference Test]