Two opportunities are available to open a printing franchise in the Eastern or Western part of the
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Question:
Two opportunities are available to open a printing franchise in the Eastern or Western part of the City of Spitown. You are exploring the possibility of opening one of the print shops and surveyed potential customers in the East and West of Spitown The amounts (in dolars) customers indicated they would spend on printing per month is given below:
East: | West: |
380 | 385 |
395 | 415 |
405 | 415 |
375 | 380 |
515 | 525 |
395 | 405 |
395 | 390 |
365 | 365 |
- Your first task is to determine if there would be a difference in the amount spent on printing in the East verses the West. At the 0.01 level of significance, what do you conclude from this data? Use the p-value approach to hypothesis testing.
- Explain the type of error we could be making in part (a) of this question. Your explanation should be in the context of this question. 2 marks
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