In the past monthly sales for hoops a small software firm


Question: In the past, monthly sales for HOOPS, a small software firm, have averaged $20,000 with standard deviation $4000. During the most recent year, sales averaged $22,000 per month. Does this indicate that monthly sales have changed (in a statistically significant sense at the 5% level)? Assume monthly sales are at least approximately normally distributed.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: In the past monthly sales for hoops a small software firm
Reference No:- TGS02437908

Now Priced at $15 (50% Discount)

Recommended (96%)

Rated (4.8/5)