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Mathematics, 04.04.2020 11:05 evalentine843

A restaurant wants to test a new in-store marketing scheme in a small number of stores before rolling it out nationwide. The new ad promotes a premium drink that they want to increase the sales of. 20 locations are chosen at random and the number of drinks sold are recorded for 2 months before the new ad campaign and 2 months after. The average difference in nationwide sales quantity before the ad campaign to after (after - before) is -1 with a standard deviation of 6.05. Using this information, they calculate a 95% confidence paired-t interval of (-3.83, 1.83). Which of the following is the best interpretation? 1) We are certain the average difference in sales quantity between after the ad campaign to before for all stores is between -3.83 and 1.83.2) We are 95% confident that the difference between the average sales after the ad campaign and the average sales before the ad campaign is between-3.83 and 1.83.3) The proportion of all stores that had a difference in sales between after the ad campaign to before is 95%. 4) We are 95% confident that the average difference in the sales quantity after to before of the stores sampled is between -3.83 and 1.83.

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A restaurant wants to test a new in-store marketing scheme in a small number of stores before rollin...
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