In: Statistics and Probability
The marketing manager of a firm that produces laundry products decides to test market a new laundry product in each of the firm's two sales regions. He wants to determine whether there will be a difference in mean sales per market per month between the two regions. A random sample of 13 supermarkets from Region 1 had mean sales of 72.7 with a standard deviation of 9. A random sample of 17 supermarkets from Region 2 had a mean sales of 84.9 with a standard deviation of 7.6. Does the test marketing reveal a difference in potential mean sales per market in Region 2? Let μ1 be the mean sales per market in Region 1 and μ2 be the mean sales per market in Region 2. Use a significance level of α=0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed.
Step 1 of 4: State the null and alternative hypotheses for the test.
Step 2 of 4: Compute the value of the t test statistic. Round your answer to three decimal places.
Step 3 of 4: Determine the decision rule for rejecting the null hypothesis H0H0. Round your answer to three decimal places.
Step 4 of 4: State the test's conclusion.