A coffee shop owner is worried about a slowdown in business because a new shop opened up one block away. Before the new shop opened, the owner’s customer traffic (customers per hour) was normally distributed with a mean of fourteen. The owner randomly surveyed sixteen hours and recorded a mean of thirteen customers per hour, a standard deviation of three customers per hour. Develop null and alternative hypothesis that will help deciding whether his shop is in trouble (when slowdown in business occurs) at the 1% significance level and calculate the p value? (PLEASE SHOW IN EXCEL IF POSSIBLE)
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