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 With sale 78.138 1852.0102 300 74.894 1951.47 200 0 419 0.813 0.208 1.648 0.417 1.966 95% = -3 Samples from without sale: nwithout Samples from with sale: nwith Point estimate for spending without sale: without = Ex: 1.234 Point estimate for spending with sale: with = Ex: 9 -2 -1 Р t = 0 Ex: 1.234 2 3

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ISBN:9781119256830
Author:Amos Gilat
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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 with sale
74.894
78.138
1951.47 1852.0102
200
0
419
0.813
0.208
1.648
0.417
1.966
95%
300
Samples from without sale: nwithout
Samples from with sale: nwith
Point estimate for spending without sale: Twithout
Point estimate for spending with sale: with
-
=
Ex: 9
-
-
-3
-2
Ex: 1.234
P
t
-1
||
=
0
Ex: 1.234
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 with sale 74.894 78.138 1951.47 1852.0102 200 0 419 0.813 0.208 1.648 0.417 1.966 95% 300 Samples from without sale: nwithout Samples from with sale: nwith Point estimate for spending without sale: Twithout Point estimate for spending with sale: with - = Ex: 9 - - -3 -2 Ex: 1.234 P t -1 || = 0 Ex: 1.234 1 2 3
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