StatCrunch did a survey asking respondents how much they thought should be spent on a wedding and whether or not they had already had a wedding. The following table shows Minitab descriptive statistics for wedding costs. Compare the means and the standard deviations for those who had a wedding and those who had not. Which group thought more should be spent on a wedding? Which group had more variation in its responses?

Transcribed Image Text:

Descriptive Statistics: Amount Statistics Vari- Нad SE Mini- Махi- able Wedding N N* Mean Mean StDev mum QI Median Q3 mum Amount No 130 0 44,060 12,122 138,207 0 5,000 10,000 25,000 1,000,000 Yes 55 0 37,970 17,232 127,794 0 5,000 8,000 20,000 809.957