The total sample is 856 (398 females, 458 males) and the mean (xbar) is 29.169, Those who
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The total sample is 856 (398 females, 458 males) and the mean (xbar) is 29.169, Those who spend more than $30 per week on average are categorised as “High Spenders” and those otherwise as “Low Spenders”. The Marketing Manager of the company claims that spending habits are influenced by gender. Is there evidence to support the claim? Use a 5% level of significance and the p-value approach. Briefly explain why you have chosen this type of test.
( clearly label every step: 1. defined x 2. Hypotheses 3. Test statistics 4. Critical Value 5. Decision 6. Conclusion )
Related Book For
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-0077862213
3rd edition
Authors: Steven Mintz, Roselyn Morris
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