Split the Bill: Exercise 2.177 on page 116 describes a study to compare the cost of restaurant meals when people pay individually versus splitting the bill as a group. In the experiment half of the people were told they would each be responsible for individual meal costs and the other half were told the cost would be split equally among the six people at the table. The data in SplitBill includes the cost of what each person ordered (in Israeli shekels) and the payment method (Individual or Split). Some summary statistics are provided in Table 6.28 and both distributions are reasonably bell-shaped. Use this information to test (at a 5% level) if there is evidence that the mean cost is higher when people split the bill.  TABLE 6.28 Cost of meals by payment type Payment       Sample size         Mean           Std. dev. Individual              24                37.29             12.54 Split                       24                 50.92             14.33   1) Hypothesis statement? 2) Standard error? 3) T value? 4) P value? 5) Reject or accept null?

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

Split the Bill: Exercise 2.177 on page 116 describes a study to compare the cost of restaurant meals when people pay individually versus splitting the bill as a group. In the experiment half of the people were told they would each be responsible for individual meal costs and the other half were told the cost would be split equally among the six people at the table. The data in SplitBill includes the cost of what each person ordered (in Israeli shekels) and the payment method (Individual or Split). Some summary statistics are provided in Table 6.28 and both distributions are reasonably bell-shaped. Use this information to test (at a 5% level) if there is evidence that the mean cost is higher when people split the bill. 

TABLE 6.28
Cost of meals by payment type

Payment       Sample size         Mean           Std. dev.
Individual              24                37.29             12.54
Split                       24                 50.92             14.33

 

1) Hypothesis statement?

2) Standard error?

3) T value?

4) P value?

5) Reject or accept null?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 2 images

Blurred answer
Similar questions
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