A small start-up started making wafers and distributing them to the retailers. After a week, average sales per week were found to be 150 packets. So, to increase the sales, a strategy was used to change the packaging and add a chocolate worth Rs. 5 as a free gift with the pack. After this, a sample of 17 shops was taken, which showed that sales went up with mean 165 and a standard deviation of 25. Check whether the strategy was effective @5%, level of significance ? [Given ]
A small start-up started making wafers and distributing them to the retailers. After a week, average sales per week were found to be 150 packets. So, to increase the sales, a strategy was used to change the packaging and add a chocolate worth Rs. 5 as a free gift with the pack. After this, a sample of 17 shops was taken, which showed that sales went up with mean 165 and a standard deviation of 25. Check whether the strategy was effective @5%, level of significance ? [Given ]
Solution
✅ Correct Option: 2
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