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A lunch bar has an average sales amount of $8.72.  The manager initiates staff training to try to get them to sell more extras (chips, drinks etc), and after this training, a sample of 57 customers had the following sample statistics:9.28 and s = 2.36Assume our question of interest is: "is there significant evidence that the mean amount spent by customers has increased?"  Calculate the observed  value of the test statistic (correct to 2dp).

Question

A lunch bar has an average sales amount of $8.72.  The manager initiates staff training to try to get them to sell more extras (chips, drinks etc), and after this training, a sample of 57 customers had the following sample statistics:9.28 and s = 2.36Assume our question of interest is: "is there significant evidence that the mean amount spent by customers has increased?"  Calculate the observed  value of the test statistic (correct to 2dp).

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Solution

To calculate the observed value of the test statistic, we will use the formula for the t-statistic in a one-sample t-test:

t = (X̄ - μ) / (s/√n)

where: X̄ is the sample mean, μ is the population mean, s is the sample standard deviation, and n is the sample size.

Substituting the given values:

t = (9.28 - 8.72) / (2.36/√57)

t = 0.56 / (2.36/7.54983443527075)

t = 0.56 / 0.3126

t = 1.79 (rounded to 2 decimal places)

So, the observed value of the test statistic is 1.79.

This problem has been solved

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