Answer:
D
Step-by-step explanation:
So you start with $2.65 and a variable y. What we will do is work without the dollar and keep it for the end as it quite disturbs and work our way while keeping the y. So first we have 2.65. Now it rose by y so. The price = 2.65 + y. Then it dropped by 0.15. So 2.65 + y - 0.15. Here you see we have like terms so we reduce and get 2.50 + y. Now it rose by 0.05. So 2.50 + y + 0.05. Again, like terms, reduce. 2.55 + y. There you go with the answer.
Answer:
a) Null hypothesis:
Alternative hypothesis:
b)
The degrees of freedom are given by:

The p value for this case taking in count the alternative hypothesis would be:
Step-by-step explanation:
Information given
represent the sample mean for the amount spent each shopper
represent the sample standard deviation
sample size
represent the value to verify
t would represent the statistic
represent the p value f
Part a
We want to verify if the shoppers participating in the loyalty program spent more on average than typical shoppers, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
The statistic for this case would be given by:
(1)
Replacing the info given we got:
The degrees of freedom are given by:

The p value for this case taking in count the alternative hypothesis would be:
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