Kept tHe Money Purchased Gum 16 Students Given Four Quarters Students Given a $1 Bill 27 12 34

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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In Exercises 5–18, test the given claim.

Four Quarters the Same as $1?  In a study of the “denomination effect,” 43 college students were each given one dollar in the form of four quarters, while 46 other college students were each given one dollar in the form of a dollar bill. All of the students were then given two choices: (1) keep the money; (2) spend the money on gum. The results are given in the accompanying table (based on “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36.) Use a 0.05 significance level to test the claim that whether students purchased gum or kept the money is independent of whether they were given four quarters or a $1 bill. Is there a “denomination effect”?

Kept tHe Money
Purchased Gum
16
Students Given Four Quarters
Students Given a $1 Bill
27
12
34
Transcribed Image Text:Kept tHe Money Purchased Gum 16 Students Given Four Quarters Students Given a $1 Bill 27 12 34
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