A fast food franchiser is considering building a restaurant at a certain loaction.
A fast food franchiser is considering building a restaurant at a certain loaction. According to a financial analysis, a site is acceptable only if the number ofpedestrians passing the location averages more than 100 per hour. A random sample of 50 hours produced mean=110 and s=12 pedestrians per hour. a)Do these data provide sufficien evidence to establish that the site is acceptable?use 5% significance level. b) what assumptions about the number of pedestrians passing the location in an hour are necessary for your hypothesis test to be valid?