I’m working on a Statistics question and need guidance to help me study.
1. Explain the appropriate type of test for the following scenario:
A storeowner plans to sell her business and claims the average customer spends $23 at her store. As a potential buyer, you want to test this claim. Explain what kind of test would be of most interest to you: left-tailed, right-tailed, or two-tailed?
2. Perform a hypothesis test
From Chapter 9 of the eText, choose any real-world application problem that asks you to perform a complete hypothesis test and solve the problem. Pay attention to the conclusion. The final answer should be in the context of the problem as you would state it to a client. List the page number and problem number and do not choose a problem that was done by another student.
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