Question: Use the spreadsheet that contains the data forProduct A and Product B(available under the 'Assessment' tab on the module website) and help Maria evaluate her

Use the spreadsheet that contains the data forProduct A and Product B(available under the 'Assessment' tab on the module website) and help Maria evaluate her product expansion decision by analysing Product B's customer satisfaction scores against the market benchmark of 6.5 ( = 0.05), which she believes her product significantly exceeds. Specifically:

  1. discuss the potential impact of Type I and Type II errors in this context
  2. calculate and interpret the effect size to determine if it supports Maria's belief.

Based on your findings, provide recommendations for Maria's product expansion decision.

Product At-Test: Two-Sample Assuming Unequal Variances
Mean7.33652174Variable 1 (Product A)Variable 2 (Product B)
Standard Error0.26417207Mean7.3577777787.235185185
Median7.655Variance3.2618994952.797146191
Mode4.77Observations4554
Standard Deviation1.79170213Hypothesized Mean Difference0
Sample Variance3.21019652df91
Kurtosis-0.9243629t Stat0.347739255
Skewness-0.4316492P(T<=t) one-tail0.364419534
Range5.76t Critical one-tail1.661771155
Minimum4.09P(T<=t) two-tail0.728839068
Maximum9.85t Critical two-tail1.986377154
Sum337.48
Count46
Confidence Level(95.0%)0.53206986
Upper CI (95%)7.86859159
Lower CI (95%)6.80445188
Product B
Mean7.23518519
Standard Error0.22759394
Median7.285
Mode9.2
Standard Deviation1.6724671
Sample Variance2.79714619
Kurtosis-1.1263032
Skewness-0.0320238
Range5.88
Minimum4.1
Maximum9.98
Sum390.7
Count54
Confidence Level(95.0%)0.45649564
Upper CI (95%)7.69168083
Lower (95%)6.77868954

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