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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.Compute the value of the appropriate test statistic to analyze the claim.
Use of Pressure
The application of influence, threats, or coercion by one party to persuade another to act in a certain way.
Use of Exchange
Use of exchange refers to the strategic utilizing of resources, information, or services between parties for mutual benefit, often in social or economic transactions.
Use of Praise
The practice of expressing approval, appreciation, or admiration towards someone, often used as a motivational or feedback tool.
Intention to Persuade
The deliberate effort to influence others' beliefs or actions through argument, reasoning, or appeal.
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