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Exhibit 10.3.A restaurant chain has two locations in a medium-sized town and,believing that it has oversaturated the market for its food,is considering closing one of the restaurants.The manager of the restaurant with a downtown location claims that his restaurant generates more revenue than the sister restaurant by the freeway.The CEO of this company,wishing to test this claim,randomly selects 36 monthly revenue totals for each restaurant.The revenue data from the downtown restaurant have a mean of $360,000 and a standard deviation of $50,000,while the data from the restaurant by the freeway have a mean of $340,000 and a standard deviation of $40,000.Assume there is no reason to believe the population standard deviations are equal,and let and
denote the mean monthly revenue of the downtown restaurant and the restaurant by the freeway,respectively. Refer to Exhibit 10.3.At the 5% significance level,does the evidence support the manager's claim?
Meaningful Patterns
Sequences or arrangements that hold significance or convey a particular message, often discerned through analysis or intuition.
Drawing
The act or skill of making images or diagrams by making lines and marks, especially with a pen or pencil, on paper.
Recognizable Objects
Items or shapes that can easily be identified or named due to their familiar characteristics.
Odd Shapes
Odd shapes refer to geometrical figures that do not conform to standard or recognized forms, often used in discussions of abstract or unusual visual patterns.
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