A retailer wants to see if a red Sale sign brings in more

Last updated: 5/3/2023

A retailer wants to see if a red Sale sign brings in more revenue than the same Sale sign in blue The data below shows the revenue in thousands of dollars that was achieved for various days when the retailer decided to put the red Sale sign up and days when the retailer decided to put the blue Sale sign up Red 2 8 2 1 2 7 2 5 2 7 3 5 2 7 2 3 8 Blue 2 4 2 5 3 3 1 3 4 3 2 8 3 3 2 3 1 6 Assume that both populations follow a normal distribution What can be concluded at the a 0 01 level of significance level of significance For this study we should use Select an answer a The null and alternative hypotheses would be Ho Select an answer H Select an answer Select an answer Select an answer Select an answer Select an answe b The test statistic c The p value d The p value is a e Based on this we should f Thus the final conclusion is that please enter a decimal Please enter a decimal please show your answer to 3 decimal places Please show your answer to 4 decimal places Select an answer the null hypothesis The results are statistically insignificant at a 0 01 so there is insufficient evidence to conclude that the population mean revenue on days with a red Sale sign is more than the population mean revenue on days with a blue Sale sign The results are statistically significant at a 0 01 so there is sufficient evidence to conclude that the mean revenue for the nine days with a red Sale sign is more than the mean revenue for the nine days with a blue Sale sign The results are statistically insignificant at a 0 01 so there is statistically significant evidence to conclude that the population mean revenue on days with a red Sale sign is equal to the population mean revenue on days with a blue Sale sign The results are statistically significant at a 0 01 so there is sufficient evidence to conclude that the population mean revenue on days with a red Sale sign is more than the population