The Manager of a Fast Food Restaurant Wants to Determine

question 83

Essay

The manager of a fast food restaurant wants to determine how sales in a given week are related to the number of discount vouchers (#) printed in the local newspaper during the week. The number of vouchers and sales ($000s) from 10 randomly selected weeks is given below with Excel regression output. $$\begin{array} { | c | c | } \hline \text { Number of vouchers } & \text { Sales } \\\hline 4 & 12.8 \\\hline 7 & 15.4 \\\hline 5 & 13.9 \\\hline 3 & 11.2 \\\hline 19 & 18.7 \\\hline 10 & 17.9 \\\hline 8 & 16.8 \\\hline 6 & 15.9 \\\hline 3 & 11.5 \\\hline 5 & 13.9 \\\hline\end{array}$$ Test the significance of the slope against a suitable alternative, at the 5% level of significance. Justify your choice of the direction in your alternative hypothesis.

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Definitions:

Rituals And Symbols

Ceremonial acts and objects that carry specific meanings and embody culturally significant values, beliefs, or status.

Social Stability

The condition in which a society's social structures are functioning adequately, leading to the continuation and regularity of societal patterns and behaviors without major disruptions.

Social Identity

An individual's sense of self, shaped by their membership in social groups such as nationality, ethnicity, religion, and gender.

Positions Of Authority

Roles or titles within an organization or society imbued with the power to make decisions, enforce rules, and influence others.