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Wed 1 Apr, 2015 12:31 pm
A retail chain store knows that on average, sales in its stores are 20 percent higher in December than in November. For the current year, a random sample of six stores was selected. Their percentage December sales increases were found to be
19.2
18.4
19.8
20.2
20.4
19
Assuming a normal population distribution, test the null hypothesis that the true mean percentage sales increase is 20, against the two-sided alternative, at the 10% significant level.
@Havle,
This calculator derives the sample mean and standard deviation producing a z score for one and two tailed hypothesis testing.
http://www.socscistatistics.com/pvalues/normaldistribution.aspx