Two entrepreneurs, Albert and Beth each plan to open a store either in Bigtown or in Littletown, neither of which currently has a restaurant. Bigtown is larger than Littletown. If just one restaurant opens in Littletown, it would get 100 customers per day. If just one restaurant opens in Bigtown it would get 100 + 2X customers per day, where X > 0. If two restaurants open in the same town, they would each get half of the customers that a single restaurant in that town would get. Daily profits for each restaurant are $1 per customer. Each entrepreneur must decide in which town to locate without knowing where the other will locate.?

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer