Referring to the dataset of Price.xls attached, in which it contains information in regard to the...
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Referring to the dataset of "Price.xls" attached, in which it contains information in regard to the unit price levels of a product manufactured by your company, which are sold in two different areas (Area A and Area B). A marketing research team randomly selected 70 retail stores in Area A and 60 stores in Area B, and recorded selling prices of the product in those stores. As an assistant manager, you are required to conduct a formal hypothesis test to check whether it is statistically valid of the complains from customer groups that the selling price on average is higher in Area B, compared to that in Area A. In carrying out the test, please assume that the population variances are not equal. Use a 0.05 significance level for the test. Area A Price $9.00 $6.50 $8.50 56.50 $9,00 $7.50 $10.50 $5.00 $5.00 $7.50 $7.00 $7.00 58.00 $1.00 $7.00 $6.50 $7.00 $7.00 $7.00 $8.50 $8.00 $8.00 $9.50 $6.50 $6.50 $11.50 $10.00 $9.50 $8.00 $6.50 $10.00 $7.50 $7.00 $7.50 $6.50 $7.50 $6.00 $8.50 $11,00 $10.50 $8.00 $9.00 $8.50 $8.50 $7.50 $9.50 $10.50 $7.00 $7.00 $5.50 $7.50 $7,00 $7.50 $7.00 $7.50 $8.00 $8.50 59,00 $7.50 $10.50 $10.00 $9.00 $5.00 $10.00 $9.00 $7.00 $8.00 $7,00 $10.00 $9.00 Area B Price $9.00 $8.00 58:50 $9.00 $10.00 $11.00 $9.50 $8:00 $7.50 $10.00 $7.50 $9.50 $11.50 $7.50 $7.50 $7.50 $8.00 $7.50 $9.00 $9.00 $8.50 $6.00 $8.50 $10.50 $8.50 $8.50 $8.00 $10.50 $6.00 $9.00 $9.00 $12.50 $8.00 $7.50 $9.00 99.50 $9.00 $8.50 $8.00 $12.00 $9.00 $10.50 $10.50 $6.50 $9.50 $10.50 $10.00 $8.50 $8.50 $7.00 $7.00 $8.00 $8.00 $7.50 $7.50 $10.50 $9,00 $7.00 $11.50 $8.00 Referring to the dataset of "Price.xls" attached, in which it contains information in regard to the unit price levels of a product manufactured by your company, which are sold in two different areas (Area A and Area B). A marketing research team randomly selected 70 retail stores in Area A and 60 stores in Area B, and recorded selling prices of the product in those stores. As an assistant manager, you are required to conduct a formal hypothesis test to check whether it is statistically valid of the complains from customer groups that the selling price on average is higher in Area B, compared to that in Area A. In carrying out the test, please assume that the population variances are not equal. Use a 0.05 significance level for the test. Area A Price $9.00 $6.50 $8.50 56.50 $9,00 $7.50 $10.50 $5.00 $5.00 $7.50 $7.00 $7.00 58.00 $1.00 $7.00 $6.50 $7.00 $7.00 $7.00 $8.50 $8.00 $8.00 $9.50 $6.50 $6.50 $11.50 $10.00 $9.50 $8.00 $6.50 $10.00 $7.50 $7.00 $7.50 $6.50 $7.50 $6.00 $8.50 $11,00 $10.50 $8.00 $9.00 $8.50 $8.50 $7.50 $9.50 $10.50 $7.00 $7.00 $5.50 $7.50 $7,00 $7.50 $7.00 $7.50 $8.00 $8.50 59,00 $7.50 $10.50 $10.00 $9.00 $5.00 $10.00 $9.00 $7.00 $8.00 $7,00 $10.00 $9.00 Area B Price $9.00 $8.00 58:50 $9.00 $10.00 $11.00 $9.50 $8:00 $7.50 $10.00 $7.50 $9.50 $11.50 $7.50 $7.50 $7.50 $8.00 $7.50 $9.00 $9.00 $8.50 $6.00 $8.50 $10.50 $8.50 $8.50 $8.00 $10.50 $6.00 $9.00 $9.00 $12.50 $8.00 $7.50 $9.00 99.50 $9.00 $8.50 $8.00 $12.00 $9.00 $10.50 $10.50 $6.50 $9.50 $10.50 $10.00 $8.50 $8.50 $7.00 $7.00 $8.00 $8.00 $7.50 $7.50 $10.50 $9,00 $7.00 $11.50 $8.00
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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