(A)Are All Three Sandwich Shops Serving the Same Number of Customers,on

question 5

Essay

(A)Are all three sandwich shops serving the same number of customers,on average,for lunch each weekday? Test the appropriate hypotheses at the 5% level of significance.
(B)Explain why the weights for the pooled variance are the same for each of the samples.
(C)Use the information related to the 95% confidence interval to explain how the number of customers Joe has each weekday compares to his competition.

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Definitions:

Human Action

The study of human behaviour, particularly in the context of individuals' decisions and actions in the economy.

Rational Choice

A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Irrational Choice

A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.

Incentives

Rewards or penalties that motivate individuals to perform an action or avoid it.