General Manager The General Manager of a Large Discount Chain Was Considering

question 76

Short Answer

General Manager
The general manager of a large discount chain was considering location of a new store in a small mid-western city.The decision was dependent upon the per capita retail sales for the city being significantly greater than $4500.A sample of 500 residents was taken,and showed a mean of $4780.A population standard deviation of $2500 was known.
-Determine the p-value associated with each of the following values of the standardized test statistic z.
A)Two-tail test,with z = 1.50
B)One-tail test,with z = 1.05
C)One-tail test,with z = -2.40

• A)Two-tail test,with z = 1.50
• B)One-tail test,with z = 1.05
• C)One-tail test,with z = -2.40

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