Mean number of cans, What hypotheses should the ship

Mean number of cans

Assignment Help Basic Statistics

Reference no: EM131820798

A cruise ship charges passengers $3 for a can of soda. Because of passenger complaints, the ship manager has decided to try out a plan with a lower price. He thinks that with a lower price, more cans will be sold, which would mean that the ship would still make a reasonable total profit. With the old pricing, the mean number of cans sold per passenger for a 10-day trip was 10.3 cans. Suppose m represents the mean number of cans per passenger for the new pricing. What hypotheses should the ship manager test if he wants to determine if the mean number of cans sold is higher for the new pricing plan?

Reference no: EM131820798

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