An accountant of wallie's the pizza franchise claims that its stores generate average weekly revenues of at least $7,000 per store. a potential buyer who is considering purchasing a wallie's pizza franchise is doubtful about this claim, and believes instead that the average weekly revenue might be less than $7,000. with some effort, he obtains revenues from 20 wallie's stores across the country by interviewing their managers/employees and finds that the average revenue is $6400. historical tax filings by wallie's indicate that the standard deviation of revenues has been about $1042. store revenues are assumed to be normally distribute
d. what is the calculated value of the statistic to test the potential buyer's belief at the 1% level of significance?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An accountant of wallie's the pizza franchise claims that its stores generate average weekly revenues of at least $7,000 per store. a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is a line of credit and how does it work?
Answers (1)
Kubin Company's relevant range of production is 13,000 to 18,000 units. When it produces and sells 15,500 units, its average costs per unit are as follows:Kubin Company's relevant range of production is 13,000 to 18,000 units.
Answers (1)
Customer Value is -The cost of your product divided by the cost of the best competitor -The difference between all the benefits derived from a total product and all the costs of securing those benefits.
Answers (1)
Gene, an accountant, convinces his client Hazel to sign a contract to invest her savings in 2Gether, a nonexistent social networking Web site. There is clear and convincing evidence that Hazel did not act out of her free will. This is a. mistake.
Answers (1)
A company budgeted unit sales of 204,000 units for January, 2020 and 240,000 units for February 2020. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales if there
Answers (1)
New Questions in Business
Pettit Company reports net income of $90,000 in 2019. However, ending inven - tory was understated $7,000.
Answers (1)
Which industry, more than any other, brought the West into the global economy of capital, commodities, and labor?
Answers (1)
During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Security Shares Purchased Cost Hawking Inc. 750 $33,375 Pavlov Co.
Answers (1)
Mployee theft of inventory from the warehouse because there are no restrictions on warehouse access and the client does not reconcile inventory on hand to recorded amounts on a timely basis.
Answers (1)
Peter was hired as an external consultant to review the streamlining of production processes at a company. In his final report, he suggested that the company should use specialization of labor. What would be the benefit of Peter's suggestion? A.
Answers (1)