Sales at a Fast-Food Restaurant Average $6,000 Per Day

question 43

Multiple Choice

Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. To determine the effectiveness of the advertising campaign,a sample of 49 days of sales were taken. They found that the average daily sales were $6,300 per day. From past history,the restaurant knew that its population standard deviation is about $1,000. If the level of significance is 0.01,have sales increased as a result of the advertising campaign?

• A)Fail to reject the null hypothesis.
• B)Reject the null hypothesis and conclude the mean is higher than $6,000 per day.
• C)Reject the null hypothesis and conclude the mean is lower than $6,000 per day.
• D)Reject the null hypothesis and conclude that the mean is equal to $6,000 per day.

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Definitions:

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.

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Experimentation

The process of trying out new ideas, methods, or activities to discover what works best in a specific context.