Comparing purchasers and nonpurchasers of toothpaste. Marketing strategists would like to predict consumer response to new products and their accompanying promotional schemes. Consequently, studies that examine the differences between buyers and nonbuyers of a product are of interest. One classic study conducted by Shuchman and Riesz (Journal of Marketing Research) was aimed at characterizing the purchasers and nonpurchasers of Crest toothpaste. The researchers demonstrated that both the
- a. Do the data present sufficient evidence to conclude there is a difference in the mean age of purchasers and nonpurchasers? Use α = .10.
- b. What assumptions are necessary in order to answer part a?
- c. Find the observed significance level for the test and interpret its value.
- d. Calculate and interpret a 90% confidence interval for the difference between the mean ages of purchasers and nonpurchasers.
Want to see the full answer?
Check out a sample textbook solutionChapter 8 Solutions
Statistics for Business and Economics (13th Edition)
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning