Inferential statistics
Create an inferential statistics (hypothesis) test using the research question and two variables
Gap Stores Closing
- The research question
- Mock data for the independent and dependent variables
Determine the appropriate statistical tool to test the hypothesis based on the research question.
Conduct a hypothesis test with a 95% confidence level, using the statistical tool.
Write an interpretation of no more than 350-words of the results and provide your findings.
Format your paper consistent with APA guidelines.
The economic model below summarizes the independent and dependent variables:
Profitability,(π) = Total Revenue, (TR) – Total Cost, (TC) or Factors of Production {Labor (L) + Capital (r) + Land (Rent)}
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