A sales manager for a large department store believes that customer spending per visit with a sale is higher than customer spending without a sale, and would like to test that claim. A simple random sample of customer spending is taken from without a sale and with a sale. The results are shown below. Mean Variance Observations Hypothesized Mean Difference. df t Stat P(T<=t) one-tail t Critical one-tail P(T<=t) two-tail t Critical two-tail Confidence Level Without sale 74.894 1951.47 200 0 419 0.813 0.208 1.648 0.417 1.966 95% With sale 78.138 1852.0102 300 -3 = Ex: 9 -2 Samples from without sale: nwithout Samples from with sale: nwith = Point estimate for spending without sale: Twithout = Ex: 1.234 Point estimate for spending with sale: with = -1 0 p= Ex: 1.234 t = 1 2 3

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Please help!! Thank you!

A sales manager for a large department store believes that customer spending per visit with a sale is higher than
customer spending without a sale, and would like to test that claim. A simple random sample of customer spending is
taken from without a sale and with a sale. The results are shown below.
Mean
Variance
Observations
Hypothesized Mean Difference
df
t Stat
P(T<=t) one-tail
t Critical one-tail
P(T<=t) two-tail
t Critical two-tail
Confidence Level
Without sale
74.894
With sale
78.138
1951.47 1852.0102
200
300
0
419
0.813
0.208
1.648
0.417
1.966
95%
-3
-2
Samples from without sale: nwithout = Ex: 9
Samples from with sale: nwith =
Point estimate for spending without sale: Twithout = Ex: 1.234
Point estimate for spending with sale: Twith =
0
p= Ex: 1.234
t =
1
2
3
Transcribed Image Text:A sales manager for a large department store believes that customer spending per visit with a sale is higher than customer spending without a sale, and would like to test that claim. A simple random sample of customer spending is taken from without a sale and with a sale. The results are shown below. Mean Variance Observations Hypothesized Mean Difference df t Stat P(T<=t) one-tail t Critical one-tail P(T<=t) two-tail t Critical two-tail Confidence Level Without sale 74.894 With sale 78.138 1951.47 1852.0102 200 300 0 419 0.813 0.208 1.648 0.417 1.966 95% -3 -2 Samples from without sale: nwithout = Ex: 9 Samples from with sale: nwith = Point estimate for spending without sale: Twithout = Ex: 1.234 Point estimate for spending with sale: Twith = 0 p= Ex: 1.234 t = 1 2 3
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman