A Coffee Shop Franchise Owner Is Looking at Two Possible

question 122

Multiple Choice

A coffee shop franchise owner is looking at two possible locations for a new shop.To help make a decision he looks at the number of pedestrians that go by each of the two locations in one-hour segments.At location A,counts are taken for 35 one-hour units and with a mean number of pedestrians of 421 and a sample standard deviation of 122.At the second location (B) ,counts are taken for 50 one hour units with a mean number of pedestrians of 347 and a sample standard deviation of 85.Assume the two populations variances are not known but are equal.(pooled variance = 22.4) Testing the claim that both sites have the same mean number of pedestrians at = .01,what do you conclude?

• A)There is a difference between the two sites
• B)There is no difference between the two sites

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Definitions:

Transactions

The exchange of goods, services, or funds between two or more parties, forming the basic activities recorded in accounting.

Parking Lot Cleaning

The service of removing trash, debris, and sometimes snow from outdoor parking areas to maintain cleanliness and safety.

Gas & Electric Company

A utility company providing natural gas and electricity services to residential, commercial, and industrial customers.

Accounting Equation

Formula that represents the relationship between the assets, liabilities, and owner's equity of a company: Assets = Liabilities + Owner’s Equity.