Question: Researchers at The Wharton School of Business have found that

Researchers at The Wharton School of Business have found that men and women shop for different reasons. While women enjoy the shopping experience, men are on a mission to get the job done. Men do not shop as frequently, but when they do, they make big purchases like expensive electronics. The accompanying table shows a portion of the amount spent over the weekend by 40 men and 60 women at a local mall; the complete data set, labeled Spending_Gender, can be found on the text website. It is reasonable to assume that the population variances are equal.
Spending by Men ($) Spending by Women ($)
85............ 90
102............ 79
: ............. :
At the 1% significance level, use the critical value approach to determine if the mean amount spent by men is more than that by women. Describe your steps clearly.


View Solution:


Sale on SolutionInn
Sales0
Views61
Comments
  • CreatedJanuary 28, 2015
  • Files Included
Post your question
5000