4) A retailer wants to determine if there is a significant difference in the average purchase amounts between two different customer groups, those who signed up for a loyalty program and those who did not. Use a two-sample t-test with a 5% significance level to analyze the data provided below: Loyalty Program 35 40 38 45 37 No Loyalty Program 28 32 30 29 31
4) A retailer wants to determine if there is a significant difference in the average purchase amounts between two different customer groups, those who signed up for a loyalty program and those who did not. Use a two-sample t-test with a 5% significance level to analyze the data provided below: Loyalty Program 35 40 38 45 37 No Loyalty Program 28 32 30 29 31
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:4) A retailer wants to determine if there is a significant difference in the average purchase amounts between two
different customer groups, those who signed up for a loyalty program and those who did not. Use a two-sample
t-test with a 5% significance level to analyze the data provided below:
Loyalty Program
35
40
38
45
37
No Loyalty Program
28
32
30
29
31
Expert Solution
Step 1: Description of given data:
Two different customer groups:
Loyalty program ( ) | No Loyalty program ( ) |
| 35 | 28 |
| 40 | 32 |
| 38 | 30 |
| 45 | 29 |
| 37 | 31 |
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