The average age of online consumers a few years ago was 23.3 years. As older individuals gain

Question:

The average age of online consumers a few years ago was 23.3 years. As older individuals gain confidence with the Internet, it is believed that the average age has increased. We would like to test this belief.

a) Write appropriate hypotheses.

b) We plan to test the null hypothesis by selecting a random sample of 40 individuals who have made an online purchase this year. Do you think the necessary assumptions for inference are satisfied? Explain.

c) The online shoppers in our sample had an average age of 24.2 years, with a standard deviation of 5.3 years. What’s the P-value for this result?

d) Explain (in context) what this P-value means.

e) What’s your conclusion?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

Question Posted: