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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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