A local appliance retailer handles four washing machine models for a major manufacturer: standard, deluxe, superior, and
Question:
A local appliance retailer handles four washing machine models for a major manufacturer: standard, deluxe, superior, and XLT. The marketing manager has recently conducted a study on the purchasers of the washing machines. The study recorded the model of appliance purchased and the credit account balance of the customer at the time of purchase. The sample data are in the following table. Based on these data, is there evidence of a relationship between the account balance and the model of washer purchased? Use a significance level of 0.025.
Conduct the test using a p-value approach.
Washer Model Purchased Credit Balance Standard Deluxe Superior XLT Under $200 10 16 40 5
$200–$800 8 12 24 15 Over $800 16 12 16 30
Step by Step Answer:
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry