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Mart is interested in comparing its male and female customers

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Question

Question;Mart;is interested in comparing its male and female customers. Q-Mart would like to;know if the amount of money spent by its female charge customers differs, on;average, from the amount spent by its male charge customers.;To answer this question, an analyst;collected random samples of 25 female customers and 22 male customers. Based on;these samples, on average, the 25 women charge customers spent $102.23 and the;22 men charge customers spent $86.46. Moreover, the sample standard deviation;of the amount charged by the 25 women was $93.393, and the sample standard;deviation of the amount charged by the 22 men was $59.695.;Using the procedure advocated by;Bluman, at the 10% level of significance, is there sufficient evidence for;Q-Mart to conclude that, on average, the amount spent by women charge customers;differs from the amount spent by men charge customers.;A. Yes, the test value does not exceed the critical value;B. No, the p-value of this test is;less than 0.10.;C. Yes, the p-value of this test is greater than 0.10;D. No, the test value does not exceed the critical value.

 

Paper#58274 | Written in 18-Jul-2015

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