A survey was conducted to investigate the usage of Islamic banking products among Muslim consumers in a particular country. The sample consisted of 1000 Muslim consumers, with 600 (250 male & 350 female) respondents indicating that they used Islamic banking products and 400 respondents (180 male & 220 female) indicating that they did not use such products.

1. Using a significance level of 0.05, can we conclude that there is a difference between genders in using Islamic banking products? 
2. What is your recommendation to the Islamic banks about their marketing strategy based on the experiment? 
3. Suggest how one can investigate the possibility of other demographic factors, apart from gender, which may relate to the usage of Islamic banking products among Muslim consumers. 

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Based on the search results it is evident that there is a significant body of research and literature on the awareness and usage of Islamic banking pr... View the full answer