2. Wal-Mart Stores, Inc., and Payless ShoeSource, Inc., have been aggressive in stocking larger size women...

2. Wal-Mart Stores, Inc., and Payless ShoeSource, Inc., have been aggressive in stocking larger size women shoes and Nordstrom reports that its larger sizes typically sell out first. The following is a random sample of shoe sizes for twelve mothers and their daughters who shop at Nordstrom. Does the data support the Management assertion that the demand for larger show sizes has increased. Use 0.025 significance level.

	1	2	3	4	5	6	7	8	9	10	11	12
Daughter	8	8	7.5	8	9	9	8.5	9	9	8	7	8
Mother	7	7	7.5	8.5	6	7.5	7.5	7.5	8	9	8	7

Formulate the hypothesis (H₀ and H_a) and describe each in nontechnical language (7 pts)

Show the mean, rejection region and the critical value on the following graph. Show the equation for computing the standard error and the critical value(s)or test statistics. (6 pts)

What is your decision and why? (4 pt.)

Provide a conclusion in non-technical language (8 pts)

Expert Solution

C.

t-Test: Two-Sample Assuming Equal Variances
	Daughter	Mother
Mean	8.25	7.541666667
Variance	0.431818182	0.611742424
Observations	12	12
Pooled Variance	0.521780303
Hypothesized Mean Difference	0
df	22
t Stat	2.401980429
P(T<=t) one-tail	0.012594278
t Critical one-tail	1.717144374
P(T<=t) two-tail	0.025188555
t Critical two-tail	2.073873068

Here Ts > 1.96,

We do reject Null Hypothesis.

orchestra answered 2 years ago

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant...

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 12400 square yards. Bid A: A surface that costs $5.25 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual maintenance cost...

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant...

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 11,600 square yards. Bid A: A surface that costs $6.25 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual maintenance cost...

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant...

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 11,600 square yards. Bid A: A surface that costs $6.25 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual maintenance cost...

One of the most successful discount department stores in America is known as Wal-Mart stores and...

One of the most successful discount department stores in America is known as Wal-Mart stores and is named after its founder Sam Walton. Because of the phenomenal success of these stores, Sam Walton became one of the richest men in America. Also, because of his leadership, the stores have enjoyed continuous growth and expansion, so that by mid 1980s, the chain had over 700 stores and was increasing at the rate of an additional 100 stores per year. Its sales...

Question 5 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years...

Question 5 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 11,800 square yards. Bid A: A surface that costs $5.50 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual...

Question 5 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years...

Question 5 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 12,000 square yards. Bid A: A surface that costs $5.50 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual...

Using the ratios and information given for Wal-Mart Stores, Inc., a retailer, analyze the short-term liquidity...

Using the ratios and information given for Wal-Mart Stores, Inc., a retailer, analyze the short-term liquidity and operating efficiency of the firm as of January 31, 2014. Financial ratios for the years ended January 31, 2014 2013 Liquidity Current (times) 0.88 0.83 Quick (times) 0.24 0.22 Cash flow liquidity (times) 0.44 0.46 Average collection period 6 days 6 days Days inventory held 46 days 46 days Days payable outstanding 38 days 40 days Cash conversion cycle 14 days 12 days...

Problem 6-3 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years...

Problem 6-3 Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of 12,500 square yards. Bid A: A surface that costs $5.50 per square yard to install. This surface will have to be replaced at the end of 5 years. The annual...

Financial Leverage Costco Wholesale Corporation (COST) and Wal-Mart Stores Inc. (WMT) reported the following data (in...

Financial Leverage Costco Wholesale Corporation (COST) and Wal-Mart Stores Inc. (WMT) reported the following data (in millions) for a recent year: Costco Wal-Mart Sales $116,199 $482,130 Operating income 2,377 15,080 Average total assets 33,232 201,536 Average stockholders’ equity 11,460 80,970 1. Compute the return on total assets. Round to one decimal place. Return on Total Assets Costco % Wal-Mart % 2. Compute the return on stockholders’ equity. Round to one decimal place. Return on Stockholders’ Equity Costco % Wal-Mart %...