Problem 3: Holiday Market Sales A small business compares a…
Problem 3: Holiday Market Sales A small business compares average daily revenue from its Holiday Market versus its Regular Winter Market. Market n Mean Revenue ($) Std. Dev. ($) Holiday 12 1,250 210 Regular 10 1,050 190 a) At the 10% significance level, is there evidence that the Holiday Market earns more on average? Perform all steps for the hypothesis testing procedure.b) Construct a 90% confidence interval for the difference in mean revenue.